SMIC Analyst & Investor Day 2012 - Market Opportunities,
Strategic Differentiation and Sustainable Profitability
SHANGHAI, Nov. 15, 2012 /PRNewswire/ -- Semiconductor
Manufacturing International Corporation ("SMIC"; NYSE: SMI; SEHK:
981), China's largest and most
advanced semiconductor foundry, held an "Analyst & Investor
Day" at SMIC's Beijing site on
Monday. About 20 domestic and overseas analysts from investment
banks and investment funds were in attendance.
The event focused on the theme of "seizing market opportunities,
deepening strategic differentiation and realizing sustainable
profitability." Mr. Peng Hongbing, Vice Director-General of the
Ministry of Industry and Information Technology's Electronic
Information Department, described the government's policy support
for China's semiconductor industry
and highlighted the long-term continuous growth of China's semiconductor market. Mr. Chen Xian, Secretary General of the China
Semiconductor Industry Association, surveyed the development status
of China's semiconductor industry
and analyzed its development opportunities.
In his opening speech, SMIC CEO Dr. Tzu-Yin Chiu explained the company's strategy.
SMIC's short-term goal is to fully utilize its existing capacity
and improve efficiency. Its medium-term goal is technology
differentiation, and its long-term goal is to continue its advanced
technology development. In addition, senior SMIC executives
spoke about the company's global marketing strategy, progress in
technology development and enhancements to capacity utilization,
production line flexibility and customer service. Dr. Charlie Zhi, President and CEO of Brite
Semiconductor, introduced the IP ecosystem that Brite and SMIC
provide for Chinese fabless companies to help speed their
time-to-market.
One participant commented: "I'm very thankful for this Analyst
& Investor Day. It not only provided an opportunity to meet
with company management; we also were able to directly interact
with officials from the government and industry association. I now
have a better understanding of SMIC's operations and strategy, and
the overall prospects of the Chinese semiconductor industry."
Since the arrival of its new management team in the third
quarter of 2011, SMIC's refined strategy has helped it achieve
record-high revenue as well as profitability for two consecutive
quarters. The company recently projected that full-year
revenue in 2012 will reach an all-time high.
About SMIC
Semiconductor Manufacturing International Corporation ("SMIC";
NYSE: SMI; SEHK: 981) is one of the leading semiconductor foundries
in the world and the largest and most advanced foundry in Mainland
China, providing integrated circuit (IC) foundry and technology
services at 0.35-micron to 40-nanometer. Headquartered in
Shanghai, China, SMIC has a 300mm
wafer fabrication facility (fab) and three 200mm wafer fabs in its
Shanghai mega-fab, two 300mm wafer
fabs in its Beijing mega-fab, a
200mm wafer fab in Tianjin, and a
200mm fab under construction in Shenzhen. SMIC also has customer service and
marketing offices in the U.S., Europe, Japan, and Taiwan, and a representative office in
Hong Kong. In addition, SMIC
manages and operates a 300mm wafer fab in Wuhan owned by Wuhan Xinxin Semiconductor
Manufacturing Corporation.
For more information, please visit www.smics.com.
Safe Harbor Statements
(Under the Private Securities Litigation Reform Act of 1995)
This press release contains, in addition to historical
information, "forward-looking statements" within the meaning of the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements are
based on SMIC's current assumptions, expectations and projections
about future events. SMIC uses words like "believe,"
"anticipate," "intend," "estimate," "expect," "project" and similar
expressions to identify forward-looking statements, although not
all forward-looking statements contain these words. These
forward-looking statements involve significant risks, both known
and unknown, uncertainties and other factors that may cause SMIC's
actual performance, financial condition or results of operations to
be materially different from those suggested by the forward-looking
statements, including among others risks associated with the
current global economic slowdown, orders or judgments from pending
litigation and financial stability in end markets.
Investors should consider the information contained in SMIC's
filings with the U.S. Securities and Exchange Commission (SEC),
including its Annual Report on Form 20-F filed with the SEC on
April 27, 2012, especially in the
"Risk Factors Related to Our Financial Condition and Business" and
"Operating and Financial Review and Prospects" sections, and such
other documents that SMIC may file with the SEC or the Hong Kong
Stock Exchange from time to time, including current reports on Form
6-K. Other unknown or unpredictable factors also could have
material adverse effects on SMIC's future results, performance or
achievements. In light of these risks, uncertainties,
assumptions and factors, the forward-looking events discussed in
this press release may not occur. You are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date stated, or if no date is stated, as of
the date of this press release. Except as may be required by
law, SMIC undertakes no obligation and does not intend to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
SMIC Contact Information:
Investor Contact
Investor Relations
Tel: +86-21-3861-0000 x12804
Email: IR@smics.com
English Media Contact
William Barratt
Tel: +86-21-3861-0000 x16812
Email: William_Barratt@smics.com
Chinese Media Contact
Angela Miao
Tel: +86-21-3861-0000 x10088
Email: Angela_Miao@smics.com
SOURCE Semiconductor Manufacturing International Corporation