{
  "id": 763492,
  "title": "AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong",
  "url": "https://urgent.news/2026/08/13/ai-demand-drives-triple-digit-profit-growth-for-chinese-chip-763492",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-13T11:00:10.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/tech-trends/article/3363929/ai-demand-drives-triple-digit-quarterly-profit-growth-chinese-foundries-smic-hua-hong"
  },
  "original_language": "en",
  "account": null,
  "summary": "China’s top two contract chipmakers, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Grace Semiconductor, saw their profits surge by triple digits in the second quarter, amid a spike in demand for domestic artificial intelligence chips free of US export controls. Net profits for SMIC and Hua Hong jumped 261.7 per cent and 385.9 per cent year on year to US$479.2 million…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "AI demand drives triple-digit profit growth for Chinese chip foundries SMIC, Hua Hong",
        "url": "https://urgent.news/2026/08/13/ai-demand-drives-triple-digit-profit-growth-for-chinese-chip",
        "published": "2026-08-13T11:00:10.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "China's SMIC says AI 'spillover effects' boosting peripheral chip prices",
        "url": "https://urgent.news/2026/08/14/chinas-smic-says-ai-spillover-effects-boosting-peripheral-chip-prices",
        "published": "2026-08-14T00:54:52.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "SMIC tops $3b in Q2 as AI demand supports orders",
        "url": "https://urgent.news/2026/08/14/smic-tops-3b-in-q2-as-ai-demand-supports-orders",
        "published": "2026-08-14T04:43:58.000Z"
      }
    ]
  },
  "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."
}