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SMIC Soars Over 5% in Morning Session, Signaling Semiconductors' New Upswing
2025-01-09
In morning trading, SMIC witnessed a robust surge of 4.58%, with its share price hitting HK$31.95 and a trading volume amounting to HK$1.069 billion. According to the International Semiconductor Industry Association (SEMI), global semiconductor capacity is projected to expand by 6.6% by 2025, with advanced process capacity below 7nm experiencing an annual growth rate of 16%. China Fortune Securities highlighted that SMIC's third-quarter revenue achieved a record high of US$2.17 billion, bolstered by a capacity utilization rate of 90.4% and a gross margin of 20.5%. Looking ahead, the company anticipates fourth-quarter revenue to remain stable or increase by up to 2% quarter-on-quarter, underscoring a consistent operational momentum.
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