Chinese foundry SMIC (Semiconductor Manufacturing International Corporation) released its 2024 fourth quarter financial results on Watch Scandal Sin in the City (2001)Tuesday. According to its unaudited financial data, the company reported $8.03 billion in revenue for 2024, up 27% year-on-year, with a gross margin of 18%. The company said its monthly production capacity of 8-inch wafers stood at 948,000 by the end of 2024. Last year, SMIC shipped over eight million wafers, with an annual average capacity utilization rate of 85.6%, the report claimed. [SMIC, in Chinese]
