According to the latest financial report, SMIC’s revenue in the second quarter of 2020 was US$938.5 million, a quarter-on-quarter increase of 3.7% and a year-on-year increase of 18.7%. It increased by 0.7 percentage points month-on-month and 7.4 percentage points year-on-year.
SMIC also revealed that the company’s initial public offering (IPO) over-raised 25.66 billion yuan, which will be used for the 12-inch (300 mm) chip SN1 project, mature process production line construction projects, advanced and mature process research and development projects reserve funds, and Supplementary liquidity.
In terms of specific processes, the contribution ratio of 28/14nm in SMIC’s revenue has reached 9.1%, an increase of 1.3 percentage points month-on-month and a year-on-year increase of 5.3 percentage points.
The proportion of 14nm alone has not been disclosed, but it is rapidly increasing its production capacity, especially the Kirin 710A, which is OEM for Huawei, and has become a major force.
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