SMIC Expects Flat Quarter-on-Quarter Revenue

Semiconductor Manufacturing International Corporation SMI announced Q4 2010 guidance:

• Revenue is expected to be flat quarter-on-quarter.
• Gross margin is expected to range from 21% to 23%.
• Operating expenses excluding foreign exchange differences are expected to range from $80 million to $84 million.
• 2010 annual capital expenditures are expected to range from $750 million to $800 million.