China’s SMIC plans expansion as AI-related chip demand beats forecasts

AI semiconductor demand: Chinese chipmaker SMIC increases prices on strong AI demand - The Economic Times

SMIC raised prices on AI wafers; Q2 revenue topped $3B with profit tripling, driven by surging AI demand. As the only Chinese 7-nm foundry at 93.7% utilization, supply tightness signals persistent AI chip shortage will pressure infrastructure budgets.