Aug 14 — SMIC co-CEO Zhao Haijun at the Q2 results meeting said Q3 shipments are
expected to rise and pricing to remain stable. Revenue guidance +2–4% QoQ; gross
margin guidance 26–28%, which he said should still increase QoQ after absorbing
higher Q3 depreciation from new capacity and summer peak power. Utilization
including new capacity is expected to remain around 95%, effectively diluting
unit fixed costs.
