China’s largest contract chipmaker, Semiconductor Manufacturing International Corp (SMIC), reports revenue above $3 billion for the first time in the second quarter, driven by stronger demand tied to AI-related computing.
Quartz and Free Malaysia Today both say SMIC’s Q2 revenue reaches roughly $3 billion, up about 36% from the same quarter a year earlier. The outlets attribute the result in part to SMIC raising wafer prices and to an increase in shipment volumes. While the reports focus on the company’s revenue milestone and pricing decision, they also highlight that the improvement is tied to higher customer demand linked to AI.
The coverage aligns on the key figures—Q2 revenue surpassing $3 billion and the role of price increases and shipments. Neither source disputes the overall drivers, though they emphasize the AI demand angle in different wording.
