|Bid||15.860 x 0|
|Ask||15.880 x 0|
|Day's Range||15.860 - 16.200|
|52 Week Range||14.640 - 24.850|
|Beta (5Y Monthly)||0.46|
|PE Ratio (TTM)||8.39|
|Earnings Date||Nov 12, 2022 - Nov 17, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.46|
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A breakthrough by China’s largest chipmaker revealed last month triggered a gasp of surprise among observers outside the industry. The more interesting question now is how much time and money the company is willing to sink into producing them at scale using a method their international rivals have abandoned for a more efficient one. For starters, 7nm — the marketing name for a technology process for making chips — is one generation behind the most advanced in mass production.
SMIC was a beneficiary of the pandemic. Now it must contend with slowing demand and unstable politics.
Rising geopolitical tension, high inflation and a cyclical downturn in chip demand have triggered “some panic” in the chip industry, the chief of China’s largest semiconductor maker has warned, in comments that follow a week of Chinese military exercises near Taiwan. The overlap of factors that include the threat of “regional conflict overseas” had “brought some panic to the industry and led to an extreme quick freeze reaction in some parts of the supply chain” with customers abruptly cancelling orders, Zhao Haijun, Semiconductor Manufacturing International Corporation’s chief executive, said on Friday. Zhao did not mention Taiwan, but analysts said the remark highlights the risk geopolitical tension poses to an industry already shaken by the impact of the Ukraine war.