Business
SMIC Earnings Top Expectations on Strong Chip Demand, but Outlook Cautious
Semiconductor Manufacturing International Corp. 981 -2.73%decrease; red down pointing triangle finished 2025 on a strong note, with annual revenue crossing the $9 billion mark, as the Chinese contract chip maker cashes in on domestic orders amid China’s push for tech self-sufficiency.
SMIC, China’s largest and most advanced chip foundry, is widely seen as a proxy for Beijing’s chip-making ambitions amid U.S. export restrictions and the countries’ race for dominance in artificial intelligence.
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