Will SMIC Narrow Tech Gap?

'Perhaps, not with TSMC,' says SMIC CEO
Junko Yoshida, EETimes
3/27/2014 08:00 PM EDT

SHANGHAI, China — Nobody questions that Tzu-Yin Chiu, CEO of Semiconductor Manufacturing International Corp. (SMIC), who took the company’s helm in 2011, has brought much needed stability, confidence and focus to China’s largest foundry, its employees, shareholders and the global semiconductor market.

SMIC based in Shanghai is no longer a loss-making entity that was plagued with management turmoil back 2011 when Chiu took the helm.

The company’s revenue in 2013 reached a record high of $2.07 billion, showing 21.6%, growth over 2012. The company’s net profit also reached a historical high of $173 million, compared to $22.8 million in 2012.

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