China's chipmaker SMIC climbs most in 3 weeks on Q2 profit beat

Semiconductor Manufacturing International

14/08/2026 02:56

** Shares of Semiconductor Manufacturing International Corp 0981.HK (SMIC) climb 6.4% in third straight rising session to HK$71.9, set for the biggest one-day pct gain since July 21
** Stock touches the highest level since July 28
** Top pct gainer in both the benchmark Hang Seng Index .HSI and Hang Seng TECH Index .HSTECH, which are down 0.7% and 0.8% respectively
** China's largest contract chipmaker reported on Thursday second-quarter profit more than tripled from a year earlier, beating analyst estimates, as demand for AI-related chips remained robust
** Profit attributable to shareholders came in at $479.2 million, nearly double the average analyst estimate of $253.4 million, with revenue up 36% to more than $3 billion, topping the $2.8 billion analysts had forecast
** YTD, stock down 0.2%, Hang Seng Index .HSI down 1.6%
     
     

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))