SMIC Reports Earnings Beat on Strong Mature-Node Orders
Hyperdash NewsEquitiesSemiconductor Manufacturing International Corp (SMIC) reported an earnings beat, driven by a surge in orders for its mature-node chips. The company's co-CEO, Zhao Haijun, stated on May 15 that overseas clients are shifting orders to China as the AI boom tightens capacity at foreign foundries.
The increased demand for mature-node chips is partly due to other foundries prioritizing high-margin AI chips and high-bandwidth memory. This shift has created a capacity crunch for older generation semiconductors, particularly for power management integrated circuits (PMICs) used in AI servers. Traders on Hyperdash have taken 
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