Semiconductor Manufacturing International Corp. (SMIC) has posted its earnings report for 2Q22, showing a 41.6% YoY revenue growth reaching US$1.9 billion. Gross profit was US$750 million, an 85.3% YoY growth from $405 million in Q2 2021. Gross margin was 39.4%, compared to 30.1% in Q2 2021. Capacity utilization was 97.1%.

Datacenter and corporate clients have recently moved to adjust their NAND flash inventory in response to component shortages and global economic downturns, although demand for SSD is bound to surge in the medium and long term to support continuous digital transformation at businesses, according to Kioxia, a Japan-based NAND flash and SSD maker.

As the world moves toward semiconductors and EVs with China-plus-one in mind, Vedanta believes its natural resources and semiconductors businesses can play a more important role in self-reliant India.

It’s fun to have so many talented people around in the electronics industry, where you don’t have to deal with the uninitiated. But how can this fun be sustained over time? When you work with smart people, you are always asked difficult questions, and over time, you become smarter. I suggest that young people should look at the long term rather than the short term when choosing jobs, and those jobs that can make you smarter should be your first choice. The electronics industry is not static, and whoever can adapt to the diversity of situations will be the winner in this field.