Chinese chipmaker SMIC increases prices on strong AI demand
SMIC said negotiations with customers led to higher wafer prices, while second-quarter revenue topped $3 billion and profit tripled on strong AI demand.
- On Friday, Semiconductor Manufacturing International Corp announced it raised prices for its most sought-after capacity as AI-related demand continues to underpin production orders.
- Strong AI-related demand drove SMIC revenue above $3 billion for the first time in the second quarter, beating analyst estimates and tightening global semiconductor supply chains.
- Profit attributable to shareholders tripled to $479.2 million while SMIC shipped 2.9 million 8-inch-equivalent wafers, a 14% increase from the previous quarter.
- Co-CEO Zhao Haijun said SMIC is negotiating with customers for fairer pricing, noting, "We believe we've reached top-tier industry standards in these areas."
- SMIC expects third-quarter revenue to rise 2% to 4% from the second quarter, with the company planning to adjust capacity and accelerate new production lines to ease supply constraints.
12 Articles
12 Articles
SMIC lifts prices due to AI demand
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
AI semiconductor demand: Chinese chipmaker SMIC increases prices on strong AI demand
Co-CEO Zhao Haijun said on an earnings call that SMIC raised prices following negotiations with customers in the first quarter, and that it would charge more for wafers processed in the third quarter.
연합뉴스-Yonhap News Agency
조선일보(Beijing=Yonhap News) Correspondent Kim Hyun-jung = SMIC, China's largest foundry (semiconductor contract manufacturing) company, is responding to the growing demand for artificial intelligence (AI) semiconductors...
Coverage Details
Bias Distribution
- 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
