SEHK:981Semiconductor
Semiconductor Manufacturing International (SEHK:981) Is Up 5.8% After AI-Fueled Q2 Profit Jump Has The Bull Case Changed?
In the past quarter, Semiconductor Manufacturing International Corporation reported second-quarter 2026 results with sales of US$3,005.59 million and net income of US$479.2 million, supported by strong AI-related chip demand and higher wafer prices.
An interesting angle is how SMIC’s ability to secure higher wafer pricing and run fabs at high utilization underscores tight capacity and strong AI-driven orders across its foundry portfolio.
We’ll now explore how this profit surge powered by...