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SMIC Forecasts Flat Q1 Revenue Amid AI Demand Surge

2/11/2026

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Story summary
  • Semiconductor Manufacturing International Corp (SMIC), China's biggest contract chipmaker, expects flat revenue in Q1 due to declining low-end orders as AI-chip demand rises.
  • In 2025, SMIC's revenue rose 16.2% to $9.3 billion.
  • SMIC's net profit rose 39% to $685.1 million.
  • SMIC shipped 9.7 million wafers in 2025, up 21%, with capacity utilization at 93.5%, and Hong Kong shares fell 3% after results.