SMIC’s net profit for the first half of 2026 increased by 94.2% year over year.

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Industry News

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2026-08-28

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Recently, SMIC, China’s leading wafer foundry, released its semi‑annual report for 2026. The financial results show that the company posted revenue of RMB 38.635 billion in the first half of the year, up 19.4% year over year, while net profit attributable to shareholders of the listed company reached RMB 4.467 billion, a 94.2% increase compared with the same period last year—outpacing revenue growth by a significant margin.

By business segment, wafer foundry remains the company’s core revenue driver. During the reporting period, wafer‑foundry revenue totaled RMB 35.858 billion, up 18.1% year over year. According to the financial report, this round of growth was primarily driven by three factors: an expansion in wafer shipment volumes, a rise in average selling prices, and an improved product mix resulting from a higher share of high‑value‑added products.

Based on capacity and shipment data, measured in 8-inch‑equivalent wafers, the company’s wafer sales reached 5.379 million units this quarter, up 14.9% from 4.682 million units in the same period last year. At the same time, the average selling price of wafers also increased, with the quarter‑over‑quarter average price coming in at RMB 6,667 per wafer, compared to RMB 6,482 in the corresponding period last year. The concurrent rise in both volume and price boosted revenue in the foundry segment.

On the downstream demand side, the domestic mature‑process market remains robust, with sustained order intake from industrial control, automotive electronics, consumer electronics, and certain AI‑related peripheral chips, keeping capacity utilization at elevated levels. The company continues to optimize its product mix, expanding its customer base for high‑margin specialty processes, power devices, and sensor chips, thereby further enhancing overall profitability.

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SEMI Report: Global semiconductor equipment shipments are expected to grow 23% year over year in the second quarter of 2026.

With a total investment of RMB 290 million, the main structure of Xinqing Optoelectronics’ Tianjin industrial base has been topped out.

SEMI Report: Global semiconductor equipment shipments are expected to grow 23% year over year in the second quarter of 2026.

With a total investment of RMB 290 million, the main structure of Xinqing Optoelectronics’ Tianjin industrial base has been topped out.

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