by CIO Staff

China’s Top Chip Maker Posts Sixth Straight Loss

Apr 28, 20061 min
Data Center

China’s top chip maker reported its sixth straight quarterly loss Friday, despite stronger sales of chips for a variety of products.

Semiconductor Manufacturing International (SMIC) also lost its title as the world’s third-largest contract chip maker by revenue, based on its first-quarter results. The company’s sales rose sharply to US$351.1 million, up from $248.8 million during the same time last year, but it wasn’t enough to fend off competition from Singaporean rival Chartered Semiconductor Manufacturing.

Chartered took back the third-place title in the industry with first-quarter revenue of $355.2 million, knocking SMIC into fourth place.

SMIC trimmed its loss to $8.7 million compared to a loss of $30 million last year. The last time the company reported a net profit was in the third quarter of 2004, when it posted earnings of $39.34 million.

-Dan Nystedt, IDG News Service

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