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Last $4.35 USD
Change Today -0.05 / -1.14%
Volume 28.2K
SMI On Other Exchanges
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As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

semiconductor manufact-adr (SMI) Key Developments

Semiconductor Manufacturing International Corp. Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Semiconductor Manufacturing International Corporation announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported, revenue was HKD 1,056,413,000 compared to HKD 962,427,000 for the same period a year ago. Profit from operation was HKD 106,181,000 compared to HKD 87,777,000 for the same period a year ago. Profit before tax was HKD 124,249,000 compared to HKD 77,483,000 for the same period a year ago. Profit for the period was HKD 123,271,000 compared to HKD 76,122,000 for the same period a year ago. Profit for the period attributable to owners of the company was HKD 132,181,000 compared to HKD 77,062,000 for the same period a year ago. Net cash from operating activities was HKD 288,850,000 compared to HKD 278,674,000 for the same period a year ago. Payments for property, plant and equipment was HKD 459,951,000 compared to HKD 227,246,000 for the same period a year ago. Payments for intangible assets were HKD 16,568,000 compared to HKD 11,312,000 for the same period a year ago. The sales increased, primarily due to an increase in wafer shipments during this period including a significant increase in China sales.

Semiconductor Manufacturing International Corp. to Expand Fab 8

Semiconductor Manufacturing International Corp. announced that because of very, very high customer demand, the company is planning to expand its Fab 8 to about 16,000 to 18,000 from the 14,000 per month case. So there is a because of Fab 8's expansion, it will generate a much faster capacities to meet the very tight customer demand.

Semiconductor Manufacturing International Corp. Appoints Ren Kai as Class III Non-Executive Director and Member of the Strategic Advisory Committee

The Board of Semiconductor Manufacturing International Corporation announced that with effect from 11 August 2015, Mr. Ren Kai, a candidate nominated by the China IC Fund, has been appointed as a Class III non-executive Director and a member of the Strategic Advisory Committee of the company. Since September 2014, Mr. Ren has been serving as the Vice President of Sino IC Capital.

Semiconductor Manufacturing International Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Capital Expenditure Guidance for the Year 2015

Semiconductor Manufacturing International Corp. announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company's revenue was $546.615 million compared to $511.344 million a year ago. Profit from operations was $60.677 million compared to $58.192 million a year ago. Profit before tax was $72.620 million compared to $57.087 million a year ago. Profit for the period attributable to company was $76.704 million or $0.10 per basic and diluted ADS compared to $56.801 million or $0.08 per diluted ADS a year ago. Net cash from operating activities was $154.577 million compared to $134.273 million a year ago. Capital expenditures were $367.6 million. Payments for property, plant and equipment were $235.515 million compared to $224.436 million a year ago. Payments for intangible assets were $6.633 million compared to $9.935 million a year ago. Negative net debt was $251.510 million compared to positive net debt of $118.081 million a year ago. For the third quarter of 2015, the company expects revenue to increase by 1% to 3% quarter over quarter. Gross margin is expected to be in the range of 28% to 30%. Non-GAAP operating expenses excluding the effect of employee bonus accrual, government funding and gain from the disposal of living quarters is expected to be in the range of $134 million to $139 million. For the year 2015, planned capital expenditures for foundry operations are approximately $1.5 billion. The planned 2015 capital expenditures for non-foundry operations, mainly for the construction of living quarters, are approximately $150 million.

Semiconductor Manufacturing International Corp. Announces 28nm Process Technology for Manufacturing Qualcomm(R) Snapdragon(TM) 410 Processors

Semiconductor Manufacturing International Corp. announced its 28nm process technology that is used for manufacturing Qualcomm(R) Snapdragon(TM) 410 processors, has been successfully adopted into mainstream smartphones. This marks a significant step in the commercial usage of 28nm core chips, and a new era of advanced mobile phone chip manufacturing in China. This is another major breakthrough in the company's collaboration on 28nm, following SMIC's announcement of successfully fabricating Qualcomm Technologies' processors at the end of last year. Qualcomm Snapdragon 410 processors, with integrated 4G LTE, offer an abundant feature set for high-volume smartphones. Compared with 40nm technologies, processors manufactured on 28nm process technology have twice the logic density, are 20% to 30% faster, and consume 30% to 50% less power.

 

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SMI

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Valuation SMI Industry Range
Price/Earnings 16.9x
Price/Sales 1.6x
Price/Book 1.0x
Price/Cash Flow 17.2x
TEV/Sales 0.4x
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