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SMIC’s revenue topped $8 billion in 2024, up 27% y-o-y
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TechNode
Chinese foundry SMIC (Semiconductor Manufacturing International Corporation) released its 2024 fourth quarter financial results on Tuesday.
According to its unaudited financial data, the company reported $8.03 billion in revenue for 2024, up 27% year-on-year, with a gross margin of 18%.
The company said its monthly production capacity of 8-inch wafers stood at 948,000 by the end of 2024.
Last year, SMIC shipped over eight million wafers, with an annual average capacity utilization rate of 85.6%, the report claimed.
[SMIC, in Chinese]Related
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