在地化供应链
Industry trend of concentrating semiconductor supply chain segments domestically to reduce cross-border dependence.
SMIC reported Q3 revenue of RMB 21.98 billion, up 28.1% year over year, with net profit surging 87.6%, as China accounted for 90.8% of sales. Co-CEO Zhao Haijun said Chinese customer demand is outpacing overall growth, capacity is shifting toward 12-inch lines, and AI demand could extend the semiconductor upcycle.
SMIC reported Q3 revenue of RMB 60.6 billion, up 22.4% year over year, with co-CEO Zhao Haijun noting weak smartphone and consumer electronics demand offset by 18-26% sequential growth in computing/tablet, industrial/automotive and connectivity/wearables segments driven by supply-chain localization. The company expects full-year revenue above $12 billion, up nearly 30%, shifting capacity toward specialty memory and BCD high-value processes.