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穆迪料美國對中芯(00981.HK)出口限制短期無實質影響
阿思達克 11-11 14:58
評級機構穆迪發表報告,由於中芯國際(00981.HK)具充裕原料庫存及充足產能,上月美國對其供應商施加的新出口限制,在未來12至18個月料不會對中芯經營有實際影響。穆迪予其「Baa3」信貸評級,展望穩定。

穆迪副總裁兼高級信貸主任Chenyi Lu稱,中芯今年就核心配件及原材料大幅增加資本開支,並擴張產能。因此,料可支持中芯未來兩年經營。

中芯淨現金狀況強勁,今年底止經調整淨現金料達52億美元,亦有融資渠道抵禦限制措施帶來的負面財政影響。此外,中芯料持續獲得內地政府財政支持,以支援建立本土集成電路工業價值鏈。

不過,如果中芯長期無法採購所需儀器、配件及原料,在生產先進半導體芯片上將落後於國際同業,長遠或損害市場地位及收入增長潛力。

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