{
  "id": 122318,
  "title": "Chinese chip-tool maker AMEC says first-half profit to nearly quadruple amid soaring demand",
  "url": "https://urgent.news/2026/08/04/chinese-chip-tool-maker-amec-says-first-half-profit-to-nearly",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-04T09:00:24.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/tech-trends/article/3362918/chinese-chip-tool-maker-amec-says-first-half-profit-nearly-quadruple-amid-soaring-demand"
  },
  "original_language": "en",
  "account": null,
  "summary": "Advanced Micro-Fabrication Equipment China (AMEC), China's leading chip-tool maker, has announced that its first-half profit will nearly quadruple to 2.7 billion yuan (US$400 million) due to robust demand for home-grown semiconductors and US sanctions. The company's revenue increased by 35 per cent year-on-year to 6.7 billion yuan, with a significant portion of the growth attributed to nearly 2 billion yuan in investment and fair-value gains, including the sale of shares in fellow equipment maker Piotech. Despite these gains, the adjusted profit, excluding the gains, doubled. AMEC shares rose 2.55 per cent in Shanghai, while the semiconductor equipment index advanced over 7.61 per cent. The company's rapid growth is attributed to its ability to develop new machines more quickly than foreign competitors and its position as the first Chinese chip-equipment maker to issue a first-half earnings preview.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Chinese chip-tool maker AMEC says first-half profit to nearly quadruple amid soaring demand",
        "url": "https://urgent.news/2026/08/04/chinese-chip-tool-maker-amec-says-first-half-profit-to-nearly-122459",
        "published": "2026-08-04T09:00:24.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}