SMIC raises prices as AI demand spreads

SMIC's Q2 revenue passed US$3 billion, with shareholder profit of US$479.2 million, 2.9 million 8-inch-equivalent wafers and 93.7 per cent utilisation, reported results released August 14, 2026 showed. SMIC said Q3 revenue would rise 2-4 per cent sequentially; a one-off subsidiary gain lifted profit.

AI demand is spreading beyond CPUs and GPUs to the broader chip mix. Buyers should plan for price pressure, and distinguish reported results from management guidance.