{"id":"01eab848-f637-494b-9ea1-4af8330937d8","url":"https://www.scmp.com/tech/tech-trends/article/3363929/ai-demand-drives-triple-digit-quarterly-profit-growth-chinese-foundries-smic-hua-hong","domain":"scmp.com","outlet":{"name":"South China Morning Post","country":"HK","cred":4,"lean":0,"curated":true},"title":"AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong","plainHeadline":"AI demand drives triple-digit profit growth for Chinese chip foundries SMIC and Hua Hong","rewrite":{"model":"gpt-5.6-sol","at":"2026-08-14T11:09:19.298Z"},"summary":["SMIC and Hua Hong posted triple-digit net profit growth in Q2.","SMIC net profit up 261.7%, Hua Hong 385.9% year-on-year.","SMIC revenue rose 36% to US$3.0 billion for the June quarter.","Hua Hong revenue reached a record US$717.5 million, up 26.8%.","Analysts foresee sustained AI-driven demand and capacity expansion."],"topics":["Economy","AI"],"lang":"eng","publishedAt":"2026-08-13T11:00:10.000Z","ingestedAt":"2026-08-13T12:12:07.919Z","story":"https://brief.concise.news/story/39964541-2f92-47bc-ad02-140f6f49debe"}