Shanghai has been closed for nearly a month, and a number of chip factories have also been affected. SMIC recently responded to the latest situation of the Shanghai chip factory, saying that production and operation are normal and employees have entered closed-loop management.

According to the China Securities Journal, SMIC said it began to implement closed-loop management on March 18, realizing the synchronous and integrated closed-loop management in the Zhangjiang factory and the two life parks. The total number of employees in the closed-loop accounts for more than 60 percent of Shanghai employees, effectively ensuring the stable operation during the epidemic.

At present, the company's production and operation are normal, and the capacity utilization rate remains at a high level.

According to SMIC, the executives and employees in the closed loop of the company actively joined the volunteer team, while ensuring production, organized nucleic acid testing, maintaining bus order and garbage transportation, including the factory and living areas, ensuring the normal operation of the company and the community during the epidemic.

After Shanghai issued relevant guidelines on the resumption of work and production, SMIC actively sorted out the returning personnel, handled relevant procedures for employees outside the closed loop, and arranged employees to take shuttle buses back to work.At present, some external closed-loop external employees have successively entered the closed-loop management.

On the evening of March 8, SMIC issued an announcement in A shares and Hong Kong shares, reporting the performance of January to February 2022, revenue rose 59% and profit rose 95%, achieving a good start in 2022, which is the first time SMIC released monthly revenue data.

The announcement showed that from January to February 2022, according to the preliminary accounting of SMIC IC Co., Ltd., the total operating revenue in the first two months was about $1.223 billion, up 59.1% year on year; the net profit attributable to shareholders of the company was about $309 million, up 94.9% year on year.