# SMIC
Latest news and articles about SMIC
Total: 7 articles found
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.
Hong Kong Stocks Tick Up as Chip Names Rally and Gold Miners Split the Field
Hong Kong markets rose on Tuesday with the Hang Seng up 1.35% and the Hang Seng TECH up 0.5%, driven by gains in semiconductor stocks. Gold miners showed wide divergence, with some names surging while others fell, reflecting company-specific factors amid a broader rally in bullion prices.
Global 8‑inch Wafer Market Tightens as Chip Giants Cut Capacity — China Fabs Cash In with Price Hikes
A supply squeeze in 8‑inch wafer manufacturing, driven by capacity cuts at TSMC and Samsung and growing AI‑era demand for power and analog chips, has pushed prices up by roughly 5–20%. Chinese mainland foundries including SMIC and Hua Hong are filling the gap, raising prices and running near full capacity, but the longer‑term migration to 12‑inch production continues to shape the market.
Selective Strength in Hong Kong: New-Consumption and Gold Outperform as Tech and Chips Cool Off
Hong Kong stocks ended slightly lower as investors rotated into new-consumption and gold stocks while AI and semiconductor names pulled back. The session highlighted a selective, sector-driven market with consumption and safe-haven themes gaining traction amid profit-taking in tech.