Xinhua News Agency, May 12, SMIC CEO Zhao Haijun said at the first financial quarter results meeting that although the global market was still at the bottom in the second quarter of this year, recently it has seen a rebound in Chinese customer confidence in different areas, the demand for some standard products has hit bottom, and the company's urgent orders are also growing rapidly. Zhao Haijun said that there are three main bases for the second-quarter earnings forecast: first, although the global market is still at the bottom compared with three months ago, the company has recently detected a rebound in Chinese customer confidence in different areas. Second, the demand for some standard products has hit bottom, and there have been positive changes in the areas of high-voltage drivers, camera chips and dedicated memory, which were the first to enter the de-inventory phase last year. Third, the domestic terminal companies actively innovate, seek market breakthroughs, and promote the rapid growth of new products and initial new performance to the company. Zhao Haijun said that in order to better serve the production of customers' new products, the company has taken more measures to increase resource investment, ensure technical support, minimize product waiting time, and deal with abnormal situations online as quickly as possible. speed up the speed of new products into production, and strive to let customers get the products earlier.