Semiconductor Manufacturing International Corporation (SMIC), a leading Chinese foundry, announced its financial results for the fourth quarter of 2024 on Tuesday. The company reported a revenue of $8.03 billion, marking a 27% increase compared to the previous year. SMIC also achieved a gross margin of 18%. The growth in revenue is attributed to increased demand for semiconductor manufacturing, as the company’s monthly production capacity for 8-inch wafers reached 948,000 units. This performance reflects SMIC's strategic efforts to expand its production capabilities and meet the rising needs of the global semiconductor market.
Industrial Manufacturing
Education & Research
Original from TechNode.com: SMIC’s revenue topped $8 billion in 2024, up 27% y-o-y
SMIC’s revenue topped $8 billion in 2024, up 27% y-o-y
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ASRock Industrial, a global leader in edge computers and industrial motherboards, delivers high-performance industrial computers, motherboards, and mini PCs. Subscribe for the Latest Automate Show Updates Copyright © 2013-2026 A3 Automate.
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