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SMIC Preparing Ahead for Mkt Uncertainty with Big Leap in Capex
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In light of the need for equipment replacement, the proportion of capital expenditure is expected to increase considerably by 2026, Zhao Haijun, Co-CEO of SMIC (00981.HK), stated. He accentuated that capacity expansion is a long-term plan, but the company must prepare in advance to address the uncertainties in market and customer demand. The management noted that the industry's capacity demand is accelerating, with major peers actively advancing expansion plans. To cope with market changes, SMIC also needs to prepare a certain amount of capacity reserve in advance to meet potential future demand growth. This is one of the main reasons for the increase in capital expenditure. AASTOCKS Financial News Website: www.aastocks.com |
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