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SMIC Raises Chip Prices as AI Demand Lifts Revenue Past $3B
Semiconductor Manufacturing International Corporation has reported a remarkable financial achievement, surpassing three billion dollars in revenue. Their year-on-year net profit for shareholders has seen an impressive tripling, reaching $479.2 million, thanks to a boom in domestic demand for artificial intelligence processors. The company has also adjusted its strategy by increasing silicon wafer prices, eliminating customer discounts, and raising contract rates to support their expanding produc...
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cryptobriefing.com
SMIC profit more than triples as AI chip demand fuels China's semiconductor ambitions
SMIC reported Q2 2026 profit of $479.2 million, more than tripling year-over-year and nearly doubling analyst estimates, driven by surging AI
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scmp.com
Chinese chip foundries surge as AI boom drives triple-digit profit growth
SMIC, Hua Hong Grace results highlight how local foundries are aggressively running their plants at full capacity to meet domestic needs.
