Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

China’s Semiconductor Jumps in U.S. After Raising Sales Forecast

Semiconductor Manufacturing International Corp., a circuit-chip maker based in Shanghai, jumped the most in a month in New York after lifting its forecast for first-quarter sales and gross margin.

The company’s American depositary receipts advanced 5 percent to $2.52 by 11:02 a.m. in New York, the biggest intraday gain since March 8. The ADRs earlier surged 7.5 percent to $2.58.

Semiconductor’s revenue for the first quarter this year will rise between 14 percent and 15 percent from the previous three months, the company said in a statement today, up from its Feb. 8 forecast of growth of 7 percent to 9 percent. Semiconductor also increased its estimate of gross margin, a measure of profitability, to as much as 12 percent from a previous forecast of 7 percent.

Since the company’s last sales guidance, “we have seen solid order momentum and an improved outlook from our customers across the board, exceeding our earlier expectations,” Gary Tseng, Semiconductor’s chief financial officer, said in a statement.

First-quarter sales rose 10 percent to $320 million, from $289.6 million in the fourth quarter of 2011, the median estimate of five analysts compiled by Bloomberg showed.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.