SMIC Operating Revenue Hit USD1.55bn in 07

SHANGHAI, Apr 29, 2008 (SinoCast via COMTEX) -- -- Shanghai-headquartered chipmaker Semiconductor Manufacturing International Corporation (NYSE: SMI, SEHK: 0981, and SMIC) gained operating revenue of USD 1.55 billion in 2007, up 5.8% year on year, according to the company's annual financial report.

Net loss stood at USD 19.5 million, sagging from USD 44.10 million in 2006. Gross profit increased 20% year on year to USD 152.7 million. Gross margin was 9.9%, up from 8.7% in the previous year.

In the meantime, its eight-inch equivalent wafer shipment rose 14.6% from a year earlier to around 1.85 million pieces.

The chipmaker estimated that its total expenses would hit USD 700 million in 2008. It will put the 65-nanometer technology into commercial production in the 12-inch plant this year.

As one of the largest semiconductor foundries in China, SMIC is engaged in the computer-aided design, manufacturing, packaging, testing and trading of integrated circuits and other semiconductor services, and manufacturing design of semiconductor masks.

From www.cnstock.com, Page 1, Monday, April 28, 2008 info@SinoCast.Com

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