Semiconductor Manufacturing International Co., Ltd (Semiconductor Manufacturing International Corp., SMI, SMIC) on Wednesday said third-quarter continuing losses due to memory chip prices have fallen sharply. The company also warned that fiscal fourth-quarter revenues are likely to decline over the third fiscal quarter, up 29%. SMIC, as of September 30 the three-month net loss of 3,030 million U.S. dollars, higher than the year earlier loss of 2,560 million U.S. dollars. Quarter revenue from $ 391,400,000 a year earlier fell to $ 375,900,000, a decline of 4.0%. The companys fiscal third-quarter gross margin of 10.8% from a year earlier to 7.2%. The second-quarter gross margin was 6.1%. The company also expects capital expenditures for the fiscal fourth quarter from 165 million to 195 mi...
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