11:00
2026-08-13
scmp.com
artificial-intelligence
AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong
SMIC and Hua Hong Grace reported triple-digit profit growth in the June quarter, with net profits up 261.7% to US$479.2 million and 385.9% to US$38.6 million respectively, driven by surging AI demand.…