SMIC China Revenue Jumps 22% QoQ: AI Spillover Boosts Automotive Chip Demand
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.
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