AITom's Hardwareabout 1 hour ago
SMIC posts record $3B quarter, hikes wafer prices
6 min read
SMIC posted its first $3 billion quarter, with revenue up 36.1% year on year and net profit nearly tripling to $479.2 million. Co-CEO Zhao Haijun said the Shanghai foundry will charge more for wafers in the third quarter. Utilization hit 93.7% against demand driven by Chinese AI data center buildouts, which U.
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