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SMIC profit more than triples on AI-driven chip demand
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SMIC profit more than triples on AI-driven chip demand
Aug 13, 2026 2:50 AM

BEIJING, Aug 13 (Reuters) - China's largest contract chipmaker, Semiconductor Manufacturing International Corp , reported on Thursday second-quarter profit more than tripled from a year earlier, beating analyst estimates, as demand for AI-related chips remained robust.

Profit attributable to shareholders came in at $479.2 million, nearly double the average analyst estimate of $253.4 million compiled by LSEG.

Revenue rose 36% to more than $3 billion, topping the $2.8 billion analysts had forecast, LSEG data showed.

SMIC said in a stock exchange filing that AI would continue to drive robust chip demand in the second half of the year, adding that it would adjust existing capacity and accelerate the ramp-up of new production lines to help ease industry-wide supply constraints.

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