[SMM Tin News Flash: SMIC Zhao Haijun: More Optimistic About Overall Operations This Year]

Published: May 15, 2026 10:01

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At today's Q1 earnings briefing, SMIC Co-CEO Zhao Haijun stated that, based on client demand and orders on hand, the company was more optimistic about its overall operations this year compared to the previous quarter. This was mainly because: first, strong demand from artificial intelligence for supporting chips directly drove undersupply in the company's power supply management chip capacity; second, the "siphon effect" of AI outside China led consumers, IoT and other clients to seek capacity in mainland China, resulting in order backflow; third, AI also spurred demand for new applications such as ToF, EVs and robotics, with domestic companies actively expanding their markets; fourth, industry chain localisation demands drove demand for domestically produced logic, networking and other chips; fifth, the effect of price increases and, as previously mentioned, clients stockpiling in advance due to concerns over undersupply.

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