The company achieved sales revenue of $7.273 billion in FY2022, up 33.6% year-over-year; attributable profit attributable to the Company was $1.818 billion, up 6.8% year-over-year; and gross margin was 38.0%, up 7.2% year-over-year.

In 2022, cell phones will account for 27% of the company’s total wafer revenue, while consumption will account for 23% of total wafer revenue, adding up to half of the total wafer revenue.

But in reality, SMIC’s previous cell phone chip revenue was about 35% to 45% of wafer revenue, which means that the cell phone industry has declined very severely, and consumption has also declined a lot. A very large portion of the foundry business comes from cell phones and consumption. SMIC revealed that the mobile phone industry now has a relatively high inventory, and the consumer industry’s inventory may be digested within six months.

Compared with the coldness of the cell phone industry, the industrial sector has little inventory, and the automotive industry, especially new energy vehicles, is in short supply. In the cell phone and consumer industries, the highest inventory is related to display driver circuits, large-screen TVs, medium-screen monitors, small-screen cell phones, and panel-type driver chip inventory is estimated to be more than 3 quarters, individual inventory may be the whole year.

According to the regional view of SMIC’s annual revenue, China, the U.S. and Eurasia accounted for 74%, 21% and 5% respectively, and the amount of revenue from China and the U.S. increased by 42% and 24% year-over-year.

By size, eight-inch and 12-inch wafer revenue accounted for 33% and 67% of revenue, respectively, with year-over-year revenue growth of 24% and 42%.

By application, SMIC’s revenue from smartphones, consumer electronics, smart homes and other applications accounted for 27%, 23%, 14% and 36%, respectively, with year-over-year revenue growth of 14%, 32%, 48% and 54%.

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Each restricted share unit to be granted to Mr. Ng represents the right to receive one Hong Kong share on its vesting date.

The announcement stated that the market value of the proposed grant of restricted share units is approximately HK$4,201,350 (approximately RMB3.56 million) as measured by reference to the closing price of HK$15.14 per Hong Kong share as quoted on September 5.

SMIC stated that the proposed grant of restricted share units to Academician Wu is intended to enhance shareholder value by attracting, retaining and motivating Academician Wu to devote himself to the long-term development of the Group and by further maintaining the sharing of interests between the Directors and the Company.

On August 11 this year, SMIC appointed Academician H.M. Wu as a Class I independent non-executive director, a member of the Nomination Committee and a member of the Strategy Committee of the Board of Directors of the Company.

Information shows that Wu Hanming, born in 1952, is an academician of the Chinese Academy of Engineering and worked at Intel from 1999 to 2001 and at SMIC from 2001 to 2018, among others.

He has worked in China’s IC chip industry for a long time and made outstanding contributions. He presided over and participated in the research and development of seven generations of large production process technologies for chips from 0.13 micron to 14 nm, including national major special projects, and overcame a series of key process difficulties, including etching, and the gap with the world’s advanced level was significantly reduced. Supported the development of China’s first mass-production plasma etcher with theoretical models.

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SMIC has successfully developed multiple technology nodes from 0.35 micron to FinFET, mainly for logic process technology platforms and specialty process technology platforms.

In the first half of 2022, multiple platform development proceeded as planned, steadily introduced to customers, and is achieving product diversification targets.

During the reporting period, the first phase of the 55nm BCD platform has completed development and entered small volume trial production.

Other processes under development include FinFET-derived technology platform, 22nm low-power process platform, 28nm high-voltage display drive process platform, 40nm embedded storage process platform, 4XNOR Flash process platform, etc., all of which are leading process levels in China for smart home, consumer electronics, AMOLED screen, automotive TV, power management, virtual display etc.

According to SMIC, as of this reporting period, the total number of patents applied for is 18,347 and the total number of patents approved is 12,778. The total number of R&D personnel is 1,864, accounting for 9.6% of the total number of employees of the company, and the average salary is 154,000 RMB.

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In this regard, the person in charge of Shangyang Software confirmed to Tibco: “First of all, the SMIC Beijing project is not suspended, the Shangyang team is still working on software development for it, and due to the recurring epidemic, the project has been changed from centralized development to remote development, in such a way that it can solve the impact of the epidemic on the fab and also complete the development needs of the customer.”

The person in charge stressed that the project leader and the team are currently stable, and the relevant project personnel have not left the company and are still holding their positions and doing their best for the project.

In addition, a person close to SMIC also told ICN that the SMIC Beijing project is still progressing as planned and has not been affected in any way.

It is understood that Shang Yang Software is the earliest manufacturer of semiconductor MES in China, and one of the few manufacturers of 12-inch semiconductor MES system in China. The MES software developed by the company for SMIC Beijing project is based on its own R&D system for 12-inch semiconductor fully automated production line.

A foundry executive pointed out that the SMIC Beijing project is of great significance, as it is usually early to replicate the successful model in the mode of “old factory with new factory” to promote the new factory to enter the mass production stage as soon as possible. Therefore, SMIC Beijing project will not rely on the rumored domestic CIM software. Even if the intention is to switch to local software, it will take some testing time until the supplier can meet the requirements. The cooperation with SMIC project should still be in the process of integration.

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