SMIC Analyst & Investor Day 2012 - Market Opportunities, Strategic
Differentiation and Sustainable Profitability
SHANGHAI, Nov. 15, 2012
SHANGHAI, Nov. 15, 2012 /PRNewswire/ -- Semiconductor Manufacturing
International Corporation ("SMIC"; NYSE: SMI; SEHK: 981), China's largest and
most advanced semiconductor foundry, held an "Analyst & Investor Day" at
SMIC's Beijing site on Monday. About 20 domestic and overseas analysts from
investment banks and investment funds were in attendance.
The event focused on the theme of "seizing market opportunities, deepening
strategic differentiation and realizing sustainable profitability." Mr. Peng
Hongbing, Vice Director-General of the Ministry of Industry and Information
Technology's Electronic Information Department, described the government's
policy support for China's semiconductor industry and highlighted the
long-term continuous growth of China's semiconductor market. Mr. Chen Xian,
Secretary General of the China Semiconductor Industry Association, surveyed
the development status of China's semiconductor industry and analyzed its
In his opening speech, SMIC CEO Dr. Tzu-Yin Chiu explained the company's
strategy. SMIC's short-term goal is to fully utilize its existing capacity and
improve efficiency.Its medium-term goal is technology differentiation, and
its long-term goal is to continue its advanced technology development.In
addition, senior SMIC executives spoke about the company's global marketing
strategy, progress in technology development and enhancements to capacity
utilization, production line flexibility and customer service. Dr. Charlie
Zhi, President and CEO of Brite Semiconductor, introduced the IP ecosystem
that Brite and SMIC provide for Chinese fabless companies to help speed their
One participant commented: "I'm very thankful for this Analyst & Investor Day.
It not only provided an opportunity to meet with company management; we also
were able to directly interact with officials from the government and industry
association. I now have a better understanding of SMIC's operations and
strategy, and the overall prospects of the Chinese semiconductor industry."
Since the arrival of its new management team in the third quarter of 2011,
SMIC's refined strategy has helped it achieve record-high revenue as well as
profitability for two consecutive quarters.The company recently projected
that full-year revenue in 2012 will reach an all-time high.
Semiconductor Manufacturing International Corporation ("SMIC"; NYSE: SMI;
SEHK: 981) is one of the leading semiconductor foundries in the world and the
largest and most advanced foundry in Mainland China, providing integrated
circuit (IC) foundry and technology services at 0.35-micron to 40-nanometer.
Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility
(fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer
fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, and a 200mm fab
under construction in Shenzhen. SMIC also has customer service and marketing
offices in the U.S., Europe, Japan, and Taiwan, and a representative office in
Hong Kong. In addition, SMIC manages and operates a 300mm wafer fab in Wuhan
owned by Wuhan Xinxin Semiconductor Manufacturing Corporation.
For more information, please visit www.smics.com.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical information,
"forward-looking statements" within the meaning of the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on SMIC's current assumptions,
expectations and projections about future events. SMIC uses words like
"believe," "anticipate," "intend," "estimate," "expect," "project" and similar
expressions to identify forward-looking statements, although not all
forward-looking statements contain these words. These forward-looking
statements involve significant risks, both known and unknown, uncertainties
and other factors that may cause SMIC's actual performance, financial
condition or results of operations to be materially different from those
suggested by the forward-looking statements, including among others risks
associated with the current global economic slowdown, orders or judgments from
pending litigation and financial stability in end markets.
Investors should consider the information contained in SMIC's filings with the
U.S. Securities and Exchange Commission (SEC), including its Annual Report on
Form 20-F filed with the SEC on April 27, 2012, especially in the "Risk
Factors Related to Our Financial Condition and Business" and "Operating and
Financial Review and Prospects" sections, and such other documents that SMIC
may file with the SEC or the Hong Kong Stock Exchange from time to time,
including current reports on Form 6-K. Other unknown or unpredictable factors
also could have material adverse effects on SMIC's future results, performance
or achievements. In light of these risks, uncertainties, assumptions and
factors, the forward-looking events discussed in this press release may not
occur. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date stated, or if no date is stated,
as of the date of this press release. Except as may be required by law, SMIC
undertakes no obligation and does not intend to update any forward-looking
statement, whether as a result of new information, future events or otherwise.
SMIC Contact Information:
Tel: +86-21-3861-0000 x12804
English Media Contact
Tel: +86-21-3861-0000 x16812
Chinese Media Contact
Tel: +86-21-3861-0000 x10088
SOURCE Semiconductor Manufacturing International Corporation
Press spacebar to pause and continue. Press esc to stop.