AI Chip Concept Stocks Watch | SMIC (00981.HK) Falls 0.79%, Quarterly Revenue Tops USD 3 Billion for the First Time

NewTimeSpace (newtimespace.com) News, on September 11, 2026, the AI chip theme saw a volatile pullback, with SMIC (00981.HK) weakening. As of 13:46, the company was quoted at HK$62.950, down 0.79%.

On the news front, the latest data from TrendForce shows that in the second quarter of 2026, SMIC's quarterly revenue exceeded USD 3 billion for the first time, reaching USD 3.006 billion, up 20% quarter-on-quarter, making it the fastest-growing among the world's top ten wafer foundries, with its market share rising to 5.4%, narrowing the gap with second-ranked Samsung (USD 3.26 billion) to less than USD 260 million. In the same period, the combined output value of the world's top ten wafer foundries totaled USD 53.49 billion, up 11.5% quarter-on-quarter, hitting a record high again.

CICC noted that the ability of domestic chips to handle real large-model traffic has been verified, meaning that growth in model calls will directly translate into utilization rates and procurement demand for domestic chips, further enhancing the order visibility of the domestic AI chip industry chain.

SMIC (00981.HK)Provides IC wafer foundry and related technical services. It is the largest pure-play wafer foundry in China by capacity and offers the broadest coverage of process nodes. Its mature and select advanced process lines address applications including smart terminals, IoT, and computing chips. Based on its periodic disclosures, wafer shipments, capacity utilization, and revenue are at historically high levels.

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