SMIC Co-CEO Zhao Haijun revealed at Q2 earnings that AI-related chip demand, returning overseas orders, and accelerated localized manufacturing drove China revenue up 22% QoQ. By application: smartphones 17%, computers/tablets 16%, consumer electronics 44%, connected/wearables 7%, industrial/automotive 17%. Computer/tablet and industrial/automotive sectors surged nearly 40% sequentially in absolute terms.
Q2 Highlights: China Revenue Becomes Growth Engine
On August 14, 2026, SMIC Co-CEO Zhao Haijun disclosed that China revenue climbed 22% QoQ, driven by:
- AI-related chip demand surge
- Returning overseas orders amid supply chain autonomy push
- Accelerated localized manufacturing
Five Application Sectors: All Green
| Application | Revenue Share | QoQ Change | Key Driver |
|---|---|---|---|
| Smartphones | 17% | +8% | Customer pre-loading |
| Computers/Tablets | 16% | ~+40% | AI spillover |
| Consumer Electronics | 44% | +16% | Inventory front-loading |
| Connected/Wearables | 7% | +13% | Pre-loading |
| Industrial/Automotive | 17% | ~+40% | AI + auto intelligence |
Industry Significance: Mature-Process "AI Dividend"
SMIC's Q2 signals that AI dividends are spilling into mature-process chips — an interesting contrast to the advanced process race. For automotive chips, mature-process dominates demand. SMIC's capacity expansion directly impacts China's auto chip supply security. More at EX1000.COM.
