Revenues for Chinese semiconductor maker SMIC grew 39% in 2021 · TechNode

Revenues for Chinese semiconductor maker SMIC grew 39% in 2021 · TechNode
China’s leading semiconductor company SMIC released its Q4 and 2021 full-year earnings reports on Wednesday. The company’s revenues increased by 39% to $5.4 billion in 2021, while net profit also grew by 138% to $1.7 billion over the course of the year. Throughout Q4, the company recorded 8.4% quarter-on-quarter growth to $1.5 billion in revenue, while net profit hit $533.8 million in Q4 of 2021, with a 66% quarter-on-quarter growth. Reports attribute the company’s 2021 revenue growth to changes in product mix and a higher average selling price.

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