China accounted for 84.1 per cent of SMIC’s sales in the second quarter, compared with 12.9 per cent from the Americas
“Our overall capacity remains in a state of demand exceeding supply,” SMIC co-CEO Zhao Haijun said in a briefing after the company reported its second-quarter financial results. “[Even if growth in demand slows], there will be no significant impact on our utilisation rate.”
He said the company has already helped clients build up a certain level of inventory in the first three quarters of the year. Orders and shipments are expected to slow in the fourth quarter, which is the typical off-season for the industry.
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