# SMIC
Latest news and articles about SMIC
Total: 27 articles found
Hong Kong Markets Surge as Geopolitical Tensions Recede and Tech Giants Rebound
Hong Kong's Hang Seng Index and Tech Index saw major gains as easing Middle East tensions triggered a global 'revenge rally.' Tech giants and semiconductor firms led the surge, while energy stocks declined following a sharp drop in international oil prices.
SMIC’s High-Stakes Pivot: Chasing Advanced Packaging as the Next Frontier in China’s Silicon Shield
SMIC reported strong 2025 growth but faces margin pressure from a massive $37 billion expansion drive and a missed AI storage boom. The company’s strategic pivot toward advanced packaging signals a new phase in China's pursuit of semiconductor self-reliance, focusing on system-level performance to bypass lithography limitations.
China’s Silicon Shield: RISC-V Breakthroughs and SMIC’s Record Growth Signal a New Era of Tech Sovereignty
China is accelerating its move toward technological independence by adopting the open-source RISC-V architecture while its top foundries, SMIC and Hua Hong, report robust growth driven by domestic 'localization' trends and AI infrastructure demands.
China’s Open-Source Gambit: Beijing Accelerates RISC-V Pivot as SMIC Profits Surge
China is accelerating its independence from Western chip architectures by launching the high-performance RISC-V 'Xiangshan' processor and 'Ruyi' OS. Bolstered by a 36% profit surge at SMIC and full capacity utilization at Hua Hong, the nation is building a comprehensive, localized semiconductor ecosystem backed by its largest tech conglomerates.
Hong Kong Tech Stocks Bleed as AI Euphoria and Earnings Realities Collide
Hong Kong's Hang Seng Tech Index fell over 3% on March 26, driven by massive sell-offs in Kuaishou, Pop Mart, and leading semiconductor firms. The decline highlights investor skepticism toward current AI valuations and concerns over the long-term growth prospects of China's platform and hardware sectors.
China’s Semiconductor Sovereignty: SMIC Surges as Beijing Bets Big on Open-Source RISC-V
SMIC has reported a significant 36% profit growth as China accelerates its domestic chip production, while the Chinese Academy of Sciences pivots toward open-source RISC-V architecture to ensure technological sovereignty. Simultaneously, regulators are moving to curb 'involutionary' price wars to stabilize the profit margins of Chinese tech giants going abroad.
Hong Kong Tech Stocks Lead a Risk-On Day as Semiconductors Surge
Hong Kong equities rallied with the Hang Seng TECH Index up 2.4%, led by a strong advance in semiconductor and optical-communications stocks. The move highlights renewed investor appetite for chip-related exposure amid structural narratives of domestic technology development, even as energy shares lagged and southbound flows showed caution.
Record Mainland Buying Cushions Hong Kong Slide as Hang Seng Falls 1.35%
Hong Kong’s Hang Seng slid 1.35% while the Hang Seng TECH index was largely steady, but record southbound Stock Connect inflows of roughly HK$37 billion limited the rout. The session featured sharp gains in a few domestic names and a narrowing of losses in chip stocks, highlighting the market’s dependence on mainland liquidity and selective investor appetites.
SMIC Projects Roughly 40,000‑Wafer Monthly Capacity Gain in 2026 but Flags Rising Depreciation
SMIC expects its monthly capacity to rise by about 40,000 12‑inch wafer equivalents by the end of 2026 over last year, but warns that early equipment purchases may not immediately translate into full production. Heavy capital spending will lift depreciation by around 30% year‑on‑year in 2026, squeezing margins unless utilization and cost efficiency improve.
SMIC Posts Healthy 2025 Profit Gain as Chinese Foundry Doubles Down on Capacity — but Growth Outlook Is Cautious
SMIC reported a 2025 revenue increase of about 16% and a 36% rise in net profit, driven by higher wafer shipments, improved utilisation and a better product mix. The firm spent $8.1 billion on capital expenditure in 2025 and guided for flat first‑quarter sales and an 18–20% gross margin, while forecasting full‑year growth above its peers and capex roughly unchanged.
PBOC Sticks to ‘Moderate Ease’ as Liquidity Fuels Market Rally and a Memory-Price Surge
China’s central bank has reiterated a ‘moderately loose’ stance, with room to cut reserve requirements and interest rates, underpinning a surge in liquidity that is lifting markets and prompting renewed investment in sectors from memory chips to low‑altitude communications. The policy posture is encouraging private fund growth and corporate capital raising, but it also raises the prospect of speculative excess that regulators are already monitoring.
SMIC Posts Revenue and Net-Profit Gains in Q4 Despite Sharp Fall in Pre‑Tax Profit
SMIC reported Q4 2025 revenue of RMB 17.813 billion (up 11.9% YoY) and net profit of RMB 1.223 billion (up 23.2% YoY), while profit before tax plunged 41.5% to RMB 1.602 billion. The mixed results underscore resilient domestic demand for foundry services but raise questions about the role of non‑operating items and the sustainability of earnings amid export controls and industry headwinds.