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Semiconductor Manufacturing International Corp (SMI)

SMI on New York Consolidated

5.35USD
24 May 2017
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$0.01 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

Semiconductor Manufacturing International says Haijun Zhao appointed as chief executive officer
Friday, 12 May 2017 07:19am EDT 

May 12 (Reuters) - Semiconductor Manufacturing International Corp <0981.HK>:Haijun Zhao has been appointed as chief executive officer of company with effect from 10 may 2017.  Full Article

Semiconductor Manufacturing International updates on disposal deal
Thursday, 11 May 2017 12:09am EDT 

May 11 (Reuters) - Semiconductor Manufacturing International Corp <0981.HK>:Reference is made to company's announcements dated 28 April in relation to, disposal agreement.Company was notified by JCET that CSRC had granted official approval for disposal and subscription.  Full Article

SMIC posts Q1 net profit of $69.8 mln vs $61.4 mln
Wednesday, 10 May 2017 06:30am EDT 

May 10 (Reuters) - Semiconductor Manufacturing International Corp <0981.HK>:Net profit for period attributable to SMIC was $69.8 million in 1Q17.Qtrly revenue was $793.1 million in 1Q17, a decrease of 2.7%.Sees Q2 revenue to decline by 3% to 6% qoq.Sees Q2 gross margin to range from 25% to 27%.In first half of 2017, we are confronting challenges of customer changes in market positioning.Net profit for period attributable to SMIC was $61.4 million in 1Q16.  Full Article

Semiconductor Manufacturing names Haijun Zhao as CEO
Wednesday, 10 May 2017 06:14am EDT 

May 10 (Reuters) - Semiconductor Manufacturing International Corp <0981.HK>::Semiconductor Manufacturing International - announces appointment of Haijun Zhao as CEO replacing Tzu-Yin Chiu.Tzu-Yin Chiu will continue to serve as vice chairman and non-executive director of board.  Full Article

SMIC appoints Haijun Zhao as CEO
Wednesday, 10 May 2017 06:02am EDT 

May 10 (Reuters) - Semiconductor Manufacturing International Corp <0981.HK>:Haijun Zhao has been appointed as chief executive officer.Zhao will replace Tzu-Yin Chiu.Chiu has been appointed as non-executive vice chairman.  Full Article

SMIC posts FY net profit of $376.6 mln vs $253.4 mln last year
Monday, 27 Mar 2017 07:49am EDT 

Semiconductor Manufacturing International Corp <0981.HK>: Revenue was US$2,914.2 million in 2016, compared to US$2,236.4 million in 2015 . FY net profit $376.6 million versus $253.4 million year ago . Target a 20% compound annual revenue growth from 2016 to 2019 . Board did not recommend payment of any dividend for year ended december 31, 2016 . Capacity target by 2017 year-end is 450,000 8-inch equivalent wafers per month, representing a growth of 11% ."For 2017, we expect that 28nm will be one of primary contributors to growth".  Full Article

Semiconductor Manufacturing International Corp reaffirms Q4 guidance
Thursday, 19 Jan 2017 04:58am EST 

Semiconductor Manufacturing International Corp : Reaffirms Fourth Quarter 2016 Guidance <0981.HK> . revenue for q1 of 2017 is expected to grow on a year over year basis and decline mildly quarter over quarter . target an annual revenue growth of around 20% in 2017 .maintain target to grow at 20% compounded annually from 2016 to 2019.  Full Article

Unisplendour Technology Investment (HK) increases stake in SMIC to 8.04 pct
Wednesday, 28 Dec 2016 08:35am EST 

Semiconductor Manufacturing International Corp <0981.HK> : Unisplendour Technology Investment (HK) bought 13.23 million shares Of Semiconductor Manufacturing International Corp <0981.HK> at an average price of HK$10.41 on Dec 20 - HKEx filing .Unisplendour technology investment (HK) owned 8.04 percent of Semiconductor Manufacturing International Corp after the transaction - HKEx filing.  Full Article

Semiconductor Manufacturing International says Shang-Yi Chiang appointed non-exec director
Tuesday, 20 Dec 2016 11:12pm EST 

Semiconductor Manufacturing International Corp <0981.HK> :Shang-Yi Chiang has been appointed as a class iii independent non-executive director.  Full Article

Semiconductor Manufacturing International says qtrly net profit $113.6 mln
Monday, 7 Nov 2016 06:44am EST 

Semiconductor Manufacturing International Corp <0981.HK>: Revenue was a record high of $774.8 mln in 3q16, an increase of 12.3% qoq . Gross margin was 30.0% in 3q16, compared to 31.6% in 2q16 and 32.0% in 3q15. . Net profit for period attributable to SMIC was $113.6 mln in 3q16, as compared to $97.6 mln in 2q16 . Gross profit was $232.1 mln in 3q16, compared to $217.8 mln in 2q16 and $182.4 mln in 3q15. . Sees q4 revenue to increase by 5% to 7% qoq. . Sees q4 gross margin to range from 28% to 30%. . "SMIC is seeing robust demand across board" . "Reiterate our growth target of 20% compounded annual growth from 2016 to 2019." . Forecasting growth for both 4q16 and 1q17 given current visibility ."We are on track to achieve another record year of revenue and net profit attributable to SMIC".  Full Article

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