AI demand drives triple-digit profit growth for Chinese chip foundries SMIC and Hua Hong
They publishedAI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong
Who / What / Where / When
Who
What
- 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.
Where
🇭🇰 Hong Kong (outlet HQ)
topics: Economy, AI · language: eng
topics: Economy, AI · language: eng
When
published 13 Aug, 11:00Z
ingested 13 Aug, 12:12Z · headline rewritten 14 Aug, 11:09Z
ingested 13 Aug, 12:12Z · headline rewritten 14 Aug, 11:09Z
Rewrite
original kept above, struck through · model gpt-5.6-sol
Retrieved
https://www.scmp.com/tech/tech-trends/article/3363929/ai-demand-drives-triple-digit-quarterly-profit-growth-chinese-foundries-smic-hua-hong
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