SMIC earned revenues of $362.37 million in 1Q 2008. Compared to 4Q 2007, there was a decrease of 8.3% in revenues. Net Loss was substantially high at $119.7 million which was just around $0.9 million in the previous quarter.
The fab shipped 454.3 million wafers (8”) which is 43.2 million less than the shipments of last quarter. The capacity utilization of the fab was at 92.1% in the quarter down by 2.3% q-o-q.
Communications continued to form the maximum share in sales at 54.3%. Last quarter it was 47.4%. Computer and Consumer segments contributed 12.8% and 25.9% respectively. Other segments contributed the remaining 7%.
Fabless semicons formed 54.4% of the customer mix for the quarter while integrated device manufacturers added another 31.6%. Rest 14% comprised of System companies and others.
Regionally North America contributed the most, 53.6% of revenues for the period. Asia Pacific contributed 33.8% to the sales of which Japan brought in 3.9%. Revenue from Europe was at 12.6%.
Among the products announced, the major one was the release of enhanced 90nm hierarchical, multi voltage RTL to GDSII reference design which will help in reducing the cost of implementing and testing SoCs.
The company also announced appointment of Chris Chi as SrVP Operations.