Wafer
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SMIC Responds to Wafer Price Hike Rumors: No Proactive Increases
SMIC’s Q2 revenue reached $2.209 billion, a 16.2% YoY increase despite a slight QoQ dip. Net profit fell 19% YoY to $132.5 million, but capacity utilization rose to 92.5%. The average selling price (ASP) increase was attributed to high capacity utilization, not proactive price hikes. SMIC maintains a consistent stance against initiating price wars and will consider following competitors’ price increases if they occur. SMIC’s ASP remains significantly lower than TSMC’s due to its focus on less advanced nodes.
