Shulou(Shulou.com)11/24 Report--

CTOnews.com June 30 news, SMIC recently held a 2023 shareholders' meeting, the company jointly CEO Zhao Haijun said that at present, the overall industry in 2023 has declined compared with the previous year, and industry insiders generally believe that the semiconductor industry as a whole is at the bottom.

Zhao Haijun, Pexels of ▲ Tu Yuan, analyzed that the inventory of mobile phone and consumer electronics industry chain is still high, and the market demand for existing old products, especially the standard products with large quantity and low price, is further reduced. Although the industrial and automotive fields are relatively sound, they are not enough to support the growth of the whole industry in terms of volume.

Gao Yonggang, chairman of SMIC, stressed that among the company's more than 20,000 employees, there are more than 10,000 engineering and technical personnel, which is the chip foundry with the largest accumulation of talents in China. He also said that SMIC, the world's fourth-largest chip contract manufacturer, offers a platform and salary that is competitive in the domestic talent market, with a low turnover rate last year and should be in single digits this year and be able to retain key talent.

Gao Yonggang also said that in terms of manpower deployment of the new plant, SMIC plans to use more than 20,000 old employees to bring out 3,000 to 5,000 new employees, and at the same time, using the old factory with the new factory, organize new employees from Tianjin and Shenzhen factories to go to the old factory in Beijing for centralized training, and then return to the new plant to invest in construction and future production and operation.

SMIC expects first-half revenue of about $3 billion (CTOnews.com Note: currently about 21.75 billion yuan), full-year revenue of about $6.5 billion (currently about 47.125 billion yuan), gross profit margin of about 20 percent, and capital expenditure is expected to be roughly the same as last year, according to SMIC's financial report.

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