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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  Semiconductor Manufacturing International Corporation    981   KYG8020E1199

SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION

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China's SMIC facing delays on some U.S.-made supplies - Global Times

11/11/2020 | 10:08pm EST
A logo of Semiconductor Manufacturing International Corporation (SMIC) is seen at China International Semiconductor Expo (IC China 2020) following the coronavirus disease (COVID-19) outbreak in Shanghai

(Reuters) - China's Semiconductor Manufacturing International Corp (SMIC) is facing some delays in getting U.S.-made equipment, parts and materials, the Global Times newspaper reported on Thursday, after Washington imposed export restrictions against the firm.

SMIC, China's largest contract chipmaker, has been among several Chinese tech firms including Huawei Technologies that have been targeted by the Trump Administration over national security issues.

In September, the U.S. Commerce Department's Bureau of Industry and Security informed some firms that they need to obtain a license before supplying goods and services to SMIC due to because of "unacceptable risk" that such exports could be diverted to military end use. SMIC has said it has no relationship with the Chinese military.

SMIC said it is operating normally and hopes to be able to resume normal procurement, the Global Times said.

The chipmaker, as with competitors such as global market leader Taiwan Semiconductor Manufacturing Co Ltd, relies heavily on equipment from suppliers based in the United States.

(Reporting by Se Young Lee; Editing by Kim Coghill)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION -1.78% 27.65 End-of-day quote.25.11%
TAIWAN SEMICONDUCTOR CO., LTD. -3.54% 57.2 End-of-day quote.-8.04%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 1.52% 601 End-of-day quote.13.40%
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Financials (USD)
Sales 2020 3 872 M - -
Net income 2020 523 M - -
Net cash 2020 3 146 M - -
P/E ratio 2020 48,1x
Yield 2020 -
Capitalization 28 152 M 28 153 M -
EV / Sales 2020 6,46x
EV / Sales 2021 6,31x
Nbr of Employees 15 904
Free-Float 82,9%
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Technical analysis trends SEMICONDUCTOR MANUFACTURING INTERNATIONAL CORPORATION
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Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 22
Average target price 2,63 $
Last Close Price 3,57 $
Spread / Highest target 19,3%
Spread / Average Target -26,4%
Spread / Lowest Target -50,8%
EPS Revisions
Managers and Directors
NameTitle
Hai Jun Zhao Co-Chief Executive Officer & Executive Director
Meng Song Liang Co-Chief Executive Officer & Executive Director
Zi Xue Zhou Chairman
Xin Zhang Senior Vice President-Operations & Engineering
Yong Gang Gao CFO, Executive Director & Executive Vic President
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