China’s biggest chipmaker SMIC posts record 2022 revenue


SMIC’s 14nm chip yield has reached industry production level.

Future Publishing | Getty Images

China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead given a slump in the semiconductor industry.

SMIC said on Thursday that 2022 revenue totaled $7.2 billion, up 34% year-on-year while its gross margin stood at a record 38%. That’s the second year of sales growth above 30% for the company.

However, SMIC said revenue in the first quarter is forecast to decrease by between 10% to 12% versus the December quarter.

“Looking forward to 2023, in the first half of the year, the industry cycle is still at the bottom, the…

Source cnbc.com

0 0 votes
Article Rating

Disney (DIS) earnings Q1 2023: Bob Iger returns

Previous article

Lyft Q4 2022 earnings

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings