China’s top foundry, Semiconductor Manufacturing International Corp (SMIC, 中芯), yesterday said that artificial intelligence (AI)-related demand would continue to underpin orders for its production and that it had raised prices for its most sought-after capacity.SMIC co-chief executive officer Zhao H

SMIC reported Q2 2026 profit of $479.2 million, more than tripling year-over-year and nearly doubling analyst estimates, driven by surging AI

SMIC, Hua Hong Grace results highlight how local foundries are aggressively running their plants at full capacity to meet domestic needs.