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03:29
2026-08-14
startupfortune.com
artificial-intelligence

SMIC Raises Chip Prices as AI Demand Overwhelms China's Top Foundry

SMIC, China's largest chipmaker, reported second-quarter net profit of $479.2 million, more than triple the year-earlier figure, and revenue rose 36% to $3.01 billion, driven by AI demand for power an…

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