SMIC, the world's second-largest chipmaker, surpasses US$8 billion in revenue for the first time!
On the evening of February 11, 2025, SMIC, the leading foundry in mainland China, released its Q4 2024 financial report. Sales revenue reached a new high of $2.07 billion, a 1.7% increase month-on-month. Gross margin was 22.6%, up 2.1 percentage points month-on-month. Annual revenue exceeded $8 billion for the first time, further solidifying its position as the world's second-largest pure-play foundry.
On the evening of February 11, 2025, SMIC, the leading foundry in mainland China, released its Q4 2024 financial report, announcing record-high sales revenue of $2.07 billion, a 1.7% increase quarter-over-quarter. The gross profit margin reached 22.6%, a 2.1 percentage point increase quarter-over-quarter. Annual revenue exceeded $8 billion for the first time, further solidifying its position as the world's second-largest pure-play foundry.
Financial Report Details
In Q4, SMIC's revenue breakdown by application was as follows: Smartphones 24.2%, Computers & Tablets 19.1%, Consumer Electronics 40.2%, Internet & Wearables 8.3%, Industrial & Automotive 8.2%. Looking at revenue contribution by region, 89.1% came from China; 8.9% from the United States, and 2% from Eurasia.
By wafer size, 12-inch wafers accounted for 80.6% of Q4 revenue, while 8-inch wafers accounted for 19.4%. In terms of production capacity, SMIC's monthly capacity increased from 884,250 8-inch equivalent standard logic wafers in Q3 2024 to 947,625 in Q4 2024. The Q4 capacity utilization rate remained at 85.5%, with a total of 1,991,761 8-inch equivalent standard logic wafers sold. SMIC's capital expenditure in Q4 2024 was $1.66 billion, and R&D expenditure was $217 million.
Annual Revenue Exceeds $8 Billion for the First Time
SMIC management stated that, based on unaudited financial data, the company's 2024 sales revenue was $8.03 billion, a year-on-year increase of 27%, with a gross profit margin of 18%. In 2024, the company's capital expenditure was $7.33 billion, with year-end monthly capacity of 948,000 8-inch equivalent standard logic wafers, and total shipments exceeding 8 million wafers. The average annual capacity utilization rate was 85.6%.
The outlook for Q1 2025 is as follows: a 6-8% quarter-over-quarter increase in sales revenue, and a gross profit margin of 19%-21%. Assuming no significant changes in the external environment, the company's 2025 guidance is for sales revenue growth to exceed the average of comparable companies, and capital expenditure to remain roughly flat compared to the previous year.
Tags:
Contact Us
Hotline:
Company Address
Office Address:
Building 5, 6th Floor, Haichuang Green Valley Center, No. 1999, YuHang Tang Road, Wuchang Street, Yuhang District, Hangzhou City
Factory Address:
No. 29, Xinchi Road, Chengnan Economic Development Zone, Gaoyou City, Yangzhou City
WeChat Official Account
Follow us
Microsilicon Technology (Gaoyou) Chip Integration Co., Ltd
Copyright © Microsilicon Technology (Gaoyou) Chip Integration Co., Ltd