| Market Capitalization (Millions $) |
3,958 |
| Shares
Outstanding (Millions) |
89 |
| Employees |
11,385 |
| Revenues (TTM) (Millions $) |
3,360 |
| Net Income (TTM) (Millions $) |
77 |
| Cash Flow (TTM) (Millions $) |
1,838 |
| Capital Exp. (TTM) (Millions $) |
0 |
Business Description
Semiconductor Manufacturing International Corp (SMIC) is a Chinese semiconductor foundry that provides wafer fabrication services to advanced IC design companies. Founded in 2000, the company is headquartered in Shanghai and has additional offices in Beijing, Tianjin, Shenzhen, Hong Kong, and Silicon Valley.
SMIC offers a wide range of semiconductor services, including wafer manufacturing, mask production, testing, bumping, and assembly services. It has three 300mm wafer fabs and five 200mm wafer fabs in China, with a total manufacturing floor area of over87 million square feet. The company also has two Shanghai-based design centers and an analog and mixed-signal design center in Beijing.
The company has a strong focus on research and development, with over 7,000 engineers and researchers dedicated to innovation and technological advancement. In 2020, SMIC invested over $4.4 billion in R&D, which accounted for approximately 12.3% of its total revenue.
SMIC's customer base comprises some of the major players in the semiconductor industry, including Qualcomm, Broadcom, TI, and MediaTek. The company also provides services to many emerging Chinese semiconductor startups.
In 2020, SMIC reported revenues of $3.89 billion, with a net income of $757 million. The company is listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, and has a market cap of approximately $26 billion as of 2021.
Despite being one of China's most significant semiconductor companies, SMIC has faced challenges due to ongoing trade tensions between China and the United States. In September 2020, the US Department of Commerce added SMIC to its trade blacklist, preventing American companies from exporting advanced technology to the Chinese foundry without a license.
In conclusion, SMIC is an important player in the global semiconductor industry, offering advanced wafer manufacturing services to companies worldwide. With a strong focus on R&D and a growing customer base, SMIC is poised for future growth, although trade tensions remain a significant challenge.
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