SMIC Reports Decline in Smartphone and Consumer Electronics Demand in Q3

On November 13, Zhao Haijun, co-CEO of SMIC, stated during the Q3 earnings conference that in the third quarter, wafer revenue from smartphone and consumer electronics demand decreased by 8% and 1% quarter-on-quarter, respectively, indicating continued weakness. There were no significant changes in overall demand from the computer and tablet, industrial and automotive, and IoT and wearable markets. The company benefited from the localization switch in the supply chain and proactive platform deployment, achieving quarter-on-quarter revenue growth of 26%, 26%, and 18% in these segments, respectively. The company has comprehensively laid out BCD low, medium, and high voltage products in the industrial and automotive sectors, offering a diverse range of specialized devices and processes that support grade 0 automotive standards. The products cover BMS analog front-end and system basic chips, digital isolation, isolation drivers, sampling front-end, and smart power switches to meet the incremental demand from customers, particularly for high value-added products.

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