SMIC expects full-year revenue above $12B, up nearly 30%

Cointime update: SMIC co-CEO Zhao Haijun said the chipmaker expects full-year 2025 revenue to exceed $12 billion, up nearly 30% year on year, at its third-quarter earnings call. Gross margin is forecast at about 26%, roughly 5 percentage points higher despite depreciation rising around 30%. Zhao also flagged a tight global equipment supply chain with lengthening lead times that could disrupt full-year capex execution, though this year’s capacity expansion plan remains on track.