SMIC Revenue Climbs 16.2% to $9.3 Billion on High Chip Demand

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·Mar 26 2026, 11:05

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Key Takeaways

Semiconductor Manufacturing International Corporation (SMIC) announced strong financial results for the full year 2025, demonstrating significant growth in revenue and operational efficiency. The performance solidifies its position as a leading global player in the pure-play foundry market, driven by robust demand and expanded production capacity.

Strong Revenue Growth: Full-year 2025 sales revenue reached $9.327 billion, marking a 16.2% increase from the previous year.
Improved Profitability: Gross margin expanded by 3 percentage points to 21%, even with increased depreciation costs from capacity expansion.
High Operational Efficiency: The company's capacity utilization rate grew by 8 percentage points to 93.5%, supporting its rank as the world's second-largest pure-play foundry.

Revenue Hits $9.3B as Utilization Reaches 93.5%

Semiconductor Manufacturing International Corporation (SMIC) announced on March 26 that its full-year sales revenue for 2025 rose 16.2% year-over-year to $9.327 billion. The robust top-line growth was supported by a significant increase in operational efficiency, with the company's factory capacity utilization rate climbing 8 percentage points to a strong 93.5%.

This performance helped expand the company's gross margin to 21%, an increase of 3 percentage points from the prior year, a notable achievement considering the substantial depreciation expenses associated with its ongoing capacity build-out. These results reaffirm SMIC's position as the second-largest pure-play wafer foundry enterprise globally.

Capacity Exceeds 1M Wafers Monthly With $774M R&D Spend

SMIC's 2025 results were underpinned by a steady implementation of its capacity expansion strategy. The company's monthly production capacity, measured in 8-inch equivalent wafers, surpassed the one million wafer mark. The high utilization rate across this expanded footprint signals persistent and strong demand for its semiconductor manufacturing services.

To secure its long-term competitive edge, SMIC maintained a high level of research and development investment throughout the year. The company allocated $774 million to R&D, equivalent to 8.3% of its total sales revenue. This investment is critical for advancing its process technologies and catering to the next generation of chip designs, positioning the firm for future growth opportunities.