SMIC Profit More than Triples on AI-Driven Chip Demand
Banking subsidiaries and retail businesses drove the conglomerate’s first-half earnings, while revenue rose 6% as consumer demand stayed strong.
10 Articles
10 Articles
SMIC, China's largest chip manufacturer, recorded a jump in net profit and revenue in the second quarter, capitalizing on robust semiconductor orders, while demand driven by artificial intelligence tightens production capacity around the world. Exclusive material for subscribers. To have full access, access the material link and register.
Despite US sanctions, the contractor continues to grow. The AI boom in China creates demand in its own country. But also billions of government funding provide momentum.
SMIC outpaces expectations with ₱46-billion profit on resilient retail spending
The Sy family’s flagship conglomerate, SM Investments Corp. (SMIC), remains upbeat about its prospects for the second half of 2026 after posting higher earnings across all its business segments in the first semester, despite a challenging economic environment.“We remain positive about the outlook for the second half of the year, while staying mindful of macroeconomic uncertainties,” said SMIC President and CEO Frederic C. DyBuncio.He added, “Our…
The turnover of SMIC in the quarter reached a record of 3,006 million dollars (2,607 million euros), with an increase of 20% compared to the turnover of the previous three months and 36% compared to the same period of 2025.
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