Semiconductor Manufacturing International Corp (SMIC) reported a surge in overseas orders on Friday. Co-CEO Zhao Haijun attributed the growth to the global artificial intelligence boom.
Foreign foundries are prioritizing high-demand AI chips and high-bandwidth memory. This shift reduces available capacity for legacy products at international manufacturers.
International customers are moving orders to Chinese factories where production capacity remains available. SMIC is aggressively expanding its capacity to meet this demand.
The company continues its expansion despite U.S. export controls targeting advanced manufacturing processes.