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SMIC: Foreign Orders Shift Back to China

SMIC reports foreign clients moving orders to China amid AI boom and capacity constraints abroad. Read more.

Charlotte Hernandez
ByCharlotte Hernandez- Senior Editor
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SMIC: Foreign Orders Shift Back to China
Photo: Prepared by Bond.az

China's top chipmaker SMIC reports rising overseas orders as global AI boom tightens capacity at foreign foundries.

Co-CEO Zhao Haijun said clients are shifting production to China due to available capacity.

SMIC's utilization rate was 93% in Q1, with 2.5 million 8-inch equivalent wafers shipped.

China remains SMIC's largest market, accounting for 89% of revenue.

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SMIC: Foreign Orders Shift Back to China | Bond.az