\u00a0<\/p>\n
SMIC<\/strong><\/a>, China\u2019s leading semiconductor foundry, has announced its financial results for Q2 2024, showcasing a remarkable performance with significant increases in both revenue and net profit. Here\u2019s a detailed look at the key financial metrics and operational highlights for the quarter.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n @gizmochina<\/p>\n<\/div>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Revenue<\/strong>: SMIC<\/strong><\/a> achieved $1.9013 billion (approximately RMB 13.635 billion) in sales revenue for Q2 2024. This represents an 8.6% increase from the previous month and a substantial 21.8% rise compared to the same quarter last year.<\/p>\n \u00a0<\/p>\n Gross Profit Margin<\/strong>: The company\u2019s gross profit margin for the quarter stood at 13.9%.<\/p>\n \u00a0<\/p>\n Net Profit<\/strong>: SMIC reported a net profit of $164.6 million (about RMB 1.18 billion), marking a 129.2% month-on-month increase but a 59.1% year-on-year decrease.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Consumer Electronics<\/strong>: 36.5%<\/p>\n \u00a0<\/p>\n Smartphones<\/strong>: 32%<\/p>\n \u00a0<\/p>\n PCs and Tablets<\/strong>: 13.3%<\/p>\n \u00a0<\/p>\n Internet and Wearables<\/strong>: 11%<\/p>\n \u00a0<\/p>\n Industry and Automobiles<\/strong>: 8.1%<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n China<\/strong>: 80.3% of total revenue<\/p>\n \u00a0<\/p>\n United States<\/strong>: 16%<\/p>\n \u00a0<\/p>\n Eurasia<\/strong>: 3.7%<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n 12-inch wafers contributed 73.6% to revenue.<\/p>\n \u00a0<\/p>\n 8-inch wafers accounted for 26.4%.<\/p>\n \u00a0<\/p>\n Monthly production increased from 814,500 8-inch equivalent wafers in Q1 to 837,000 in Q2.<\/p>\n \u00a0<\/p>\n Capacity Utilization<\/strong>: The rate improved to 85.2%, with 2.11188 million 8-inch equivalent wafers sold, reflecting a 17.7% month-on-month increase and a 50.5% year-on-year rise.<\/p>\n \u00a0<\/p>\n Capital Expenditure<\/strong>: SMIC\u2019s capital expenditure reached $2.2515 billion, slightly up from $2.2354 billion in Q1 2024, underscoring its ongoing investment in expanding production capabilities.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n SMIC\u2019s<\/strong><\/a> Q2 2024 financial results illustrate a robust growth trajectory and operational strength, despite some challenges. The significant increases in revenue and production capacity, coupled with a higher capacity utilization rate, highlight the company\u2019s successful strategies and market expansion efforts. As SMIC continues to invest in technology and production, it is well-positioned for continued growth and dominance in the semiconductor industry.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Follow Before You Take<\/span><\/a> on <\/span>Facebook<\/span><\/a> | <\/span>Twitter<\/span><\/a> | <\/span>WhatsApp Channel<\/span><\/a> | <\/span>Instagram<\/span><\/a> | <\/span>Telegram<\/span><\/a> | <\/span>Threads<\/span><\/a> | <\/span>LinkedIn<\/span><\/a>, For the <\/span>Latest Technology News & Updates<\/span><\/a> | <\/span>Latest Electric Vehicles News<\/a> | <\/span>Electronics News<\/a> | Mobiles News<\/a> | Software Updates<\/a><\/p>\n The post SMIC Sees 21.8% YoY Revenue Surge to $1.9 Billion in Q2 2024, Boosted by Strong Demand in Consumer Electronics and Increased Wafer Production<\/a> appeared first on Before You Take<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" \u00a0 SMIC, China\u2019s leading semiconductor foundry, has announced its financial results for Q2 2024, showcasing a remarkable performance with significant increases in both revenue and net profit. Here\u2019s a detailed look at the key financial metrics and operational highlights for the quarter. \u00a0 Continue reading SMIC Sees 21.8% YoY Revenue Surge to $1.9 Billion in Q2 2024, Boosted by Strong Demand in Consumer Electronics and Increased Wafer Production<\/span>Key Points:<\/strong><\/h1>\n
Revenue Breakdown:<\/strong><\/h1>\n
Geographic Revenue Distribution:<\/strong><\/h1>\n
Operational Highlights:<\/strong><\/h1>\n
Wafer Size and Production<\/strong>:<\/h2>\n
Conclusion<\/strong><\/h1>\n