SMIC Announces Q1 Revenue Forecast with Stable Growth Expected in First Quarter Performance
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In 2024, SMIC released its performance forecast for the first quarter, expecting revenue to remain flat or increase by 2% sequentially, with a gross margin ranging between 9% and 11%. According to the company's guidance, the growth in sales revenue is expected to be no less than the industry average, with year-over-year growth also remaining in the single-digit range, while capital expenditures show little change compared to last year.
SMIC has been committed to making breakthroughs in the field of chip manufacturing, continuously improving its technological capabilities and production efficiency to help customers enhance product performance. The release of this performance forecast once again demonstrates the company's steady development in market competition.
As a leading domestic chip manufacturer, SMIC's performance is not only crucial to its own development but also closely related to the stable growth of the entire industry chain. The company will continue to increase R&D investment, enhance production capacity, and provide customers with higher-quality products and services.
With the continuous advancement of technology and market changes, SMIC will constantly adjust its strategies, maintain market sensitivity, and flexibly respond to challenges. It is believed that in the future, SMIC will achieve further success in the field of chip manufacturing, contributing more to the development of China's chip industry.