{
  "id": 122459,
  "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",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-04T09:00:24.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "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": "AMEC, China's leading chip-tool maker, anticipates its first-half profit to nearly quadruple to 2.7 billion yuan (US$400 million) in the period from January to June, marking a year-on-year growth of 282 per cent. This surge in revenue, up 35 per cent to 6.7 billion yuan, can be attributed to robust demand for home-grown semiconductors and US sanctions. The company's profit growth is partly fueled by substantial investments and fair-value gains, including the sale of shares in fellow equipment maker Piotech. AMEC's shares climbed 2.55 per cent in Shanghai on Tuesday, while the semiconductor equipment index rose over 7.61 per cent. The company's rapid development of new machines, which typically take three to five years to create, in just two years, highlights their innovative capabilities.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "SCMP Tech",
        "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",
        "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."
}