SHANGHAI, CHINA – Semiconductor Manufacturing International Corp. (SMIC) has reported that it is running at a utilization rate of 65% to 70% for the fourth quarter. This contradicts an article issued earlier in the week by The Financial Times reporting that the foundry’s utilization rate had dropped to as low as 20%.
SMIC acknowledged that its utilization rate has fallen from 91% in the third quarter but added that it is maintaining revenue guidance for the fourth quarter.