{"id":141717,"date":"2025-05-11T07:37:50","date_gmt":"2025-05-11T07:37:50","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations"},"modified":"2025-05-11T09:14:52","modified_gmt":"2025-05-11T09:14:52","slug":"chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations","title":{"rendered":"Chinese chipmaker SMIC shares drop over 5% after Q1 earnings miss expectations"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Shares of China\u2019s largest contract chipmaker, Semiconductor Manufacturing International Corporation (SMIC), dropped more than 5% on Friday after the firm\u2019s latest financial results missed market expectations.<\/p>\n

SMIC posted a first-quarter revenue of $2.24 billion, marking a 28% year-on-year increase. Profit attributable to shareholders surged 162% to $188 million, the company said in its earnings release Thursday.<\/p>\n

Despite the growth, both revenue and profit fell short of analysts\u2019 estimates and the company\u2019s internal guidance, prompting a decline in its stock as of 0730GMT.<\/p>\n

For the second quarter, SMIC forecast a sequential revenue decline of 4% to 6% and a drop in gross margin from 22.5% to a range of 18% to 20%.<\/p>\n

Still, the company noted robust operational metrics: wafer shipments rose 15% quarter-on-quarter and 28% year-on-year, while capacity utilization improved to 89.6%, up 4.1 points from the previous quarter.<\/p>\n

SMIC attributed the increased shipments to changes in geopolitical conditions and government-driven demand boosts, including consumer subsidies and trade-in programs.<\/p>\n

For More News And Analysis About Kenya<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Shares of China\u2019s largest contract chipmaker, Semiconductor Manufacturing International Corporation (SMIC), dropped more than 5% on Friday after the firm\u2019s latest financial results missed market expectations. SMIC posted a first-quarter revenue of $2.24 billion, marking a 28% year-on-year increase. Profit attributable to shareholders surged 162% to $188 million, the company said in […]<\/p>\n","protected":false},"author":84,"featured_media":141716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[171,14535,12771,544,9769,14536],"class_list":["post-141717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-china","tag-chip-maker","tag-chips","tag-kenya","tag-semiconductor","tag-semiconductor-manufacturing-international-corporation-smic"],"yoast_head":"\nChinese chipmaker SMIC shares drop over 5% after Q1 earnings miss expectations - kenya<\/title>\n<meta name=\"description\" content=\"Shares of China\u2019s largest contract chipmaker, Semiconductor Manufacturing International Corporation (SMIC), dropped more ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese chipmaker SMIC shares drop over 5% after Q1 earnings miss expectations\" \/>\n<meta property=\"og:description\" content=\"Shares of China\u2019s largest contract chipmaker, Semiconductor Manufacturing International Corporation (SMIC), dropped more ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-11T07:37:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-11T09:14:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/05\/sm_1746935397.272771.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Chinese chipmaker SMIC shares drop over 5% after Q1 earnings miss expectations\",\"datePublished\":\"2025-05-11T07:37:50+00:00\",\"dateModified\":\"2025-05-11T09:14:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\"},\"wordCount\":171,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2025\/05\/sm_1746935397.272771.jpg\",\"keywords\":[\"CHINA\",\"chip maker\",\"chips\",\"Kenya\",\"Semiconductor\",\"Semiconductor Manufacturing International Corporation (SMIC)\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/chinese-chipmaker-smic-shares-drop-over-5-after-q1-earnings-miss-expectations\",\"name\":\"Chinese chipmaker SMIC shares drop over 5% after Q1 earnings miss expectations - 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