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…