HomeChina Stock News U.S. analyst concerns over SMIC’s surplus production capacity
U.S. analyst concerns over SMIC’s surplus production capacity
Written by Administrator
Monday, 26 November 2007
BEIJING, Nov. 20 (InfoChina) – The recent price tumble of Semiconductor Manufacturing International Corporation (SMIC) (0981.HK; SMI.NYSE) to some extent reflected the wide concerns over the excess production capacity in the chip market, said Suresh Balaraman, an analyst with U.S. investment firm ThinkEquity Partners.
The analyst noted that although SMIC in general acted cautiously in the capital expenditure, the company was still troubled by the prevailing surplus production capacity.
Balaraman added that in order to stand out from peers and act as competitive player in the chip market, SMIC should put more efforts in the production of world-leading chips. (Edited by Zhu Zhu, )
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