SMIC gets massive orders- customer demand is strong

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www.gizchina.com, Nov. 26, 2020 – 

According to Chinese chip maker, SMIC, it is currently operating normally and smoothly. Furthermore, the company claims that it is actively communicating with relevant US government departments. SMIC is the largest chip foundry in China. To the Chinese, SMIC is what TSMC is to the world. However, the foundry uses some American technologies in its manufacturing process.

SMIC said that the company's customer demand is strong and the orders are full. This means that the foundry is running at full capacity. This year, the company had to review its annual growth rate from 24% to 26%. The annual gross profit target is higher than last year. At present, there is no obvious phenomenon of customer transfer orders. The company maintains a partnership model of active communication and close cooperation with customers.

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