Hua Hong Semiconductor
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Chinese Foundries Signal Full Production Capacity
Leading Chinese foundries SMIC and Hua Hong Semiconductor reported strong Q2 earnings with double-digit revenue growth. SMIC’s revenue reached $2.209 billion, a 16.2% YoY increase, with a capacity utilization rate of 92.5%. Hua Hong’s revenue was $5.661 billion, up 18.3% YoY, achieving a 108.3% capacity utilization rate. Both companies project continued revenue growth for Q3. No price increases were noted by SMIC in Q2, attributing higher ASP to near full capacity operation.
