SMIC’s Q3 net profit more than doubles as domestic chip substitution accelerates in China

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China's largest contract chip manufacturer Semiconductor Manufacturing International Corp (SMIC) posted a 123.4 percent year-on-year rise in net profit attributable to shareholders for the quarter ended September 30, while posting a new quarterly revenue record amid the artificial intelligence (AI) boom.

A technician conducts chip quality inspections in a factory in Yiwu, East China's Zhejiang Province, in March 2026. Photo: VCG

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