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Chinese chipmakers SMIC, Hua Hong see Q2 growth from AI demand

By PulseAugur Editorial · [1 sources] ·

China's top chip manufacturers, SMIC and Hua Hong, anticipate increased revenue in the second quarter, driven by the global surge in AI demand and a tight memory chip market. SMIC projects revenue between $2.86 billion and $2.91 billion, while Hua Hong forecasts $690 million to $700 million. Hua Hong's chairman expressed optimism about capacity expansion despite US export controls, stating they have not yet impacted equipment procurement for their new facility. AI

IMPACT Global AI demand is driving significant growth forecasts for Chinese semiconductor foundries, highlighting the critical role of chip manufacturing in the AI supply chain.

RANK_REASON Forecasts for revenue growth from major semiconductor foundries due to AI demand. [lever_c_demoted from significant: ic=1 ai=0.7]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Chinese chipmakers SMIC, Hua Hong see Q2 growth from AI demand

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Forecasts for revenue growth from major semiconductor foundries due to AI demand. [lever_c_demoted from significant: ic=1 ai=0.7]
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Only one publisher covered this so far. Single-source stories can still rank when the publisher is high-authority, but they lack cross-source corroboration.
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infra, policy
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High
Clearly on-topic for AI-industry coverage.
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114 days old
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Ann Cao,Howard Liu ·

    Chinese foundries SMIC, Hua Hong forecast second-quarter growth amid AI boom

    China’s leading semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, expect their second-quarter sales to rise amid a dynamic global market defined by surging artificial intelligence demand and a memory supply crunch, w…

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