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SMIC posts record $3B quarter and hikes wafer prices — US sanctions hand Chinese foundry a captive AI market

  • Tom's Hardware faviconTom's Hardware

    Aug 20, 2026, 7:20 am184 ptsTrendingTop
    photo of SMIC posts record $3B quarter and hikes wafer prices — US sanctions hand Chinese foundry a captive AI market imageSMIC posted its first $3 billion quarter earlier this month, with revenue up 36.1% year on year, net profit nearly tripling to $479.2 million. Co-CEO Zhao Haijun told analysts the next day that the Shanghai foundry will charge more for wafers processed in the third quarter after price negotiations concluded in…
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