SMIC announced today the fourth quarter of 2017 results, not optimistic, but the good news is finally 28nm process popularity.
Last quarter, SMIC revenue of 787.2 billion US dollars, an increase of 2.3% growth, down 3.4%, gross profit of $ 145.8 million, a decline of 16.2%, down 42.0% Gross profit margin 18.9% , Down 4.1 percentage points month-on-month and down 11.3 percentage points year-on-year.
In the first quarter of this year, SMIC expects revenue growth of 7-9% and gross margins of 25-27%.
Dr. Zhao Haijun, co-CEO of SMIC, Dr. Liang Mengsong said: SMIC's revenue increased 6.4% in FY17, equivalent to the growth rate of the foundry industry. It successfully expanded the capacity and product mix of 28 processes, contributing more than 10% of revenue contribution in the fourth quarter. In addition, automobile and industrial Related income has also been doubled.
