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SMIC posts record $3B quarter and hikes wafer prices — US sanctions hand Chinese foundry a captive AI market

This story is from 2026-08-20. It is preserved in the archive; the latest stories are on the live feed.

SMIC posted its first $3 billion quarter earlier this month, with revenue up 36.1% year on year, net profit nearly tripling to $479.2 million.

Read the full story at Tom's Hardware ↗

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  1. 2026-08-20 11:20 · Tom's Hardware
    SMIC posts record $3B quarter and hikes wafer prices — US sanctions hand Chinese foundry a captive AI market

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