SMIC reports $5.44 Billion in Revenue in 2021

Updated:2022/2/14 17:21

Semiconductor Manufacturing International Corporation (SMIC), lately delivered its 2021Q4 financial report. Its sales revenue ballooned 61.1% in the fourth quarter of the year to $1.58 billion.

SMIC also saw its revenue and net profit soaring in the year to $5.443 billion and $1.702 billion respectively, an increase of 39.32% and 137.81% from a year earlier.

Shanghai Lingang project broke ground in earlier 2022, Beijing and Shenzhen projects are now steadily progressing and slated for going into production by the end of 2022, SMIC Co-CEO Zhao Haijun said at the presentation of performance. With additional monthly capacity of 100,000 roughly 8-inch wafers in 2021, the planned capacity increment for 2022 will outnumber last year. The three new projects as completed will expand the company's total capacity.

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