67 WALL STREET, New York - May 30, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Semiconductor Capital Equipment - Cloud Computing, Mobile Device Consumer Demand - Semiconductor Inventory Burnoff - Improvement from Cyclical Bottom - Semiconductor Capital Equipment Spending - New Computing Platform Demand
Companies include: Semiconductor Manufacturing (SMI) and many more.
In the following excerpt from the Semiconductors Report, the CEO and Executive Director of Semiconductor Manufacturing International Corporation (SMI) discusses company strategy and the outlook for this vital industry:
TWST: Can you outline your strategy for growth through 2014?
Dr. Chiu: For 2014, our three-prong strategies are maintained with a slight shift in emphasis: firstly, to keep reasonably high utilization by further improving our service, quality and efficiency, and to really be diligent in maintaining operational well-being. We have been investing heavily on our design I.P. in the advanced nodes, compressing our customers' product development cycle and also enabling them to enter even more application areas. Right now, our customers are mostly in the mobile computing as well as the consumer area, but enriching the I.P. portfolios will allow our customers to enter other areas as well.
Secondly, we will be focusing on bringing some added value and differentiation in our technology. For the differentiation technology, we will be targeting market sectors that have a special place in China, either because of unique applications or due to a concentration of production. Our emphasis on smart card and CIS are two good examples of this strategy. Of course, we're also pushing forward with our advanced technology. In 2014, our advanced technology focus will be 28 nm ramp up. We are finalizing the details of our second 12-inch fab in Beijing for 28 nm production. We will announce the details as soon as possible.
TWST: What metrics do you believe are most meaningful in evaluating your business performance that investors should also be sure to understand and analyze?
Dr. Chiu: I think SMIC should be evaluated primarily on sustainable and improving profitability. We are also striving for growth as another important objective.
TWST: Aside from the still recovering global economy, what would you say is the biggest risk or challenge on the horizon for you right now? And, what are your plans to deal with that risk or challenge?
Dr. Chiu: We talked about many challenges. There are the...
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