Semiconductor Manufacturing International Corp

00981: XHKG (HKG)

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SMIC Earnings: Competition and High Capex Are More Concerning Than Short-Term Customer Caution

Phelix Lee

Nov 14, 2025

For the December quarter, Semiconductor Manufacturing International Corporation guided for a 0%-2% rise in sales and a 2- to 4-percentage-point decline in gross margin from the previous quarter. The firm said customers are cautious about placing orders due to the scarce and expensive memory supply.

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Semiconductor Manufacturing International Corp

SMIC Earnings: Competition and High Capex Are More Concerning Than Short-Term Customer Caution

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