Thursday, October 24, 2013

SMIC Sees Strong Growth in Image Sensors

SeekingAlpha's transcript of SMIC Q3'13 earnings call mentions a strong growth in image sensors:

T.Y. Chiu, CEO:

"In ...areas such as the CIS, and we believe that -- and we already are seeing a very, very strong growth in the customer that we have, that they are becoming the dominant players in some of these mid to low-end CIS. And as they expand into the high-end market, I think they will be doing very well. So I think for us, our strategy is to pick the right customers and work with them, and serve them as they need."

"Over the next few years we anticipate differentiated products such as CIS ...to transition to more advanced nodes."

"For the CIS, actually we are actually at, you know, 0.13 and working on the 12-inch 65nm."

Eric Chen, Daiwa Securities:

"Okay. For your CIS clients, the 65nm process you talked about, that's for the domestic client or for the US client, foreigner client?"

T.Y. Chiu, CEO:

"We are actually having a lot of new clients working with us, so both domestic and overseas clients."

Eric Chen, Daiwa Securities:

"Uh-huh. I see. But in terms of the growth, it's mainly from the foreigner client, right? Is that right?"

T.Y. Chiu, CEO:

"In terms of the -- this year's growth? Are you talking about this year's growth?"

Eric Chen, Daiwa Securities:

"I'm talking about the next year growth."

T.Y. Chiu, CEO:

"I think that it could be both. It could be both, yeah."

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