【CNMO News】As a large-scale and technologically advanced integrated circuit chip manufacturer in Chinese mainland, SMIC's position in the industry needs no words, and CNMO has also been paying attention to the development of this company. A few days ago, SMIC released the fourth quarter of 2021 performance express, overall, the company's performance in the quarter reached a new high, the annual net profit exceeded 10 billion yuan for the first time.
SMIC
According to media reports, SMIC co-CEO Zhao Haijun revealed the company's new project information at the performance briefing. The Shanghai Lingang project broke ground in early 2022, while two projects in Beijing and Shenzhen are steadily advancing and are expected to be in production by the end of 2022. In 2021, SMIC will add 100,000 new monthly production capacity equivalent to 8 inches, and the company plans to increase production capacity more than in 2022 than in 2021. It is expected that after the three new projects in Shanghai, North and Shenzhen are fully produced, SMIC's total production capacity will be doubled.
In its performance guidance, SMIC stressed that it will steadily advance the expansion project. In order to continue to promote the expansion of existing old plants and three new plant projects, 2022 is still the peak investment period, and capital expenditure is expected to be about US$5 billion. Industry insiders said that SMIC, as the world's fourth largest fab, will grow much faster than the top three fabs in 2021. With the continuous expansion of the company's production capacity, the company will usher in accelerated growth.
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