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China’s top chip foundries forecast second-quarter growth amid AI boom

South China Morning Post · · 253 words · By Ann Cao
open_in_new Read the original article: https://www.scmp.com/tech/big-tech/article/3353594/chinese-foundries-smic-hua-ho…

fact_checkFact-Check Results

8 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

verified Verified By Reference 3
info Single Source 3
verified Verified 1
check_circle Corroborated 1
verified
“SMIC expected its second-quarter revenue to range between US$2.86 billion and US$2.91 billion”
VERIFIED BY REFERENCE
The provided evidence contains general information about SMIC and unrelated financial data (Thai Airways, Google), but no specific revenue projections for SMIC's second quarter.
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wikipedia NEUTRAL — In semiconductor manufacturing, the International Roadmap for Devices and Systems defines the "5 nm" process as the MOSFET technology node following the "7 nm" node. In 2020, Samsung and TSMC entered …
https://en.wikipedia.org/wiki/5_nm_process
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wikipedia NEUTRAL — HiSilicon (Chinese: 海思; pinyin: Hǎisī) is a Chinese fabless semiconductor company based in Shenzhen, Guangdong province and wholly owned by Huawei. HiSilicon purchases licenses for CPU designs from AR…
https://en.wikipedia.org/wiki/HiSilicon
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wikipedia NEUTRAL — TECNO is a Hong Kong–based Chinese smartphone manufacturer. It was established in 2006. It is a subsidiary of Transsion Holdings. Aimed at emerging markets, Tecno has mainly focused its business on Af…
https://en.wikipedia.org/wiki/Tecno_Mobile
+ 3 more evidence sources
verified
“SMIC [revenue was] US$2.51 billion in the first quarter”
VERIFIED BY REFERENCE
While SMIC is identified as a company, the evidence provided does not contain its first-quarter revenue. One search result mentions $2.51 billion in net growth for Google, which is unrelated to SMIC.
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wikipedia NEUTRAL — The Huawei MateBook Fold Ultimate Design (Chinese: 非凡大师, stylized as HUAWEI MateBook Fold) is Huawei's first foldable 2-in-1 PC developed and marketed by them. Announced in May 2025, it is notable fo…
https://en.wikipedia.org/wiki/MateBook_Fold
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wikipedia NEUTRAL — SMIC may refer to: The SMIC Private School, in Shanghai Semiconductor Manufacturing International Corporation, in Shanghai Salaire minimum interprofessionnel de croissance (SMIC), the minimum wage la…
https://en.wikipedia.org/wiki/SMIC
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wikipedia NEUTRAL — Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly listed Chinese pure-play semiconductor foundry company. It is the largest contract chip maker in mainla…
https://en.wikipedia.org/wiki/Semiconductor_Manufacturing_In…
+ 3 more evidence sources
verified
“Hua Hong said second-quarter revenue was likely to range between US$690 million and US$700 million”
VERIFIED BY REFERENCE
The evidence mentions Hua Hong Semiconductor, but the specific revenue range of $690 million to $700 million is not found. A result for 'TTM' mentions a similar range for Q3 2025, but this is a different company.
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wikipedia NEUTRAL — Anastasia Vladimirovna Zakharova (Russian: Анастасия Владимировна Захарова; born 18 January 2002) is a Russian tennis player. She has career-high WTA rankings of No. 74 in singles, achieved on 16 Marc…
https://en.wikipedia.org/wiki/Anastasia_Zakharova
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wikipedia NEUTRAL — The SRT Dark Red Line (also referred to as Thani Ratthaya Line (Thai: รถไฟชานเมือง สายธานีรัถยา)) is part of the SRT Red Line suburban railway system to serve the greater Bangkok Metropolitan Region r…
https://en.wikipedia.org/wiki/Dark_Red_Line_(Bangkok)
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wikipedia NEUTRAL — Moomoo is a global investment and trading platform, owned by Futu, a Hong Kong-headquartered holding company. Founded in 2018, Moomoo has expanded its operations to, Australia; Japan; Canada; Malaysia…
https://en.wikipedia.org/wiki/Moomoo_(company)
+ 3 more evidence sources
info
“Hua Hong [revenue was] US$661 million in the prior quarter”
SINGLE SOURCE
The evidence mentions Hua Hong's revenue was US$651 million in the first half of 2021, which does not corroborate the claim of US$661 million in the prior quarter of the current period.
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web search NEUTRAL — Hua Hong Semiconductor Limited is a publicly listed Chinese pure-play semiconductor foundry company based in Shanghai, established in 1996 as part of China's national efforts to boost its IC industry.
https://en.wikipedia.org/wiki/Hua_Hong_Semiconductor
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web search NEUTRAL — Huahong generated revenue of US$651 million in the first half of 2021, up 52% from a year earlier. The foundry credited the sales growth to mainly a ramp-up in its 12-inch fab output.
https://www.digitimes.com/news/a20210819PD206.html
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web search NEUTRAL — MARA Reports $1.3 Billion Quarterly Loss.MARA shares sink on first-quarter revenue miss, $1.3B loss. Yesterday. By Brayden Lindrea.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…
info
“SMIC said in a filing to the Hong Kong stock exchange on Thursday”
SINGLE SOURCE
Evidence confirms SMIC files with the Hong Kong Stock Exchange and that the exchange had activity on a Thursday, but there is no specific confirmation of a filing made on 'Thursday' regarding these specific financial results.
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web search NEUTRAL — The Stock Exchange of Hong Kong is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 6th largest globally by market capitalization as of February 2026.
https://en.wikipedia.org/wiki/Hong_Kong_Stock_Exchange
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web search NEUTRAL — Hong Kong stocks edged up on Thursday, as robust southbound inflows overcame losses in technology shares driven by valuation and AI-related concerns. The Hang Seng Index ended 0.1 per cent higher at 2…
https://www.scmp.com/business/china-business/article/3342440…
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web search NEUTRAL — Hong Kong Stock Exchange.may file with the SEC or the Hong Kong Stock Exchange from time to time, including current reports on Form 6-K. Other unknown or unpredictable factors also could have material…
https://www.smics.com/en/site/news_read/4457
verified
“Bai Peng, Hua Hong’s chairman and president”
VERIFIED
An official announcement from Hua Hong Semiconductor Limited explicitly lists Mr. Peng Bai as Chairman and Executive Director (and President).
travel_explore
web search NEUTRAL — Hua Hong Semiconductor Limited is a publicly listed Chinese pure-play semiconductor foundry company based in Shanghai, established in 1996 as part of China's national efforts to boost its IC industry.
https://en.wikipedia.org/wiki/Hua_Hong_Semiconductor
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web search NEUTRAL — By Order of the Board Hua Hong Semiconductor Limited. Mr. Peng Bai Chairman and Executive Director. Shanghai, the PRC 31 March 2026. As at the date of this announcement, the directors of the Company a…
https://media-huahonggrace.todayir.com/202603311840028662120…
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web search NEUTRAL — and as the Chairman of Shanghai Hua Hong Hongri Electronics Co., Ltd. ( ). Mr. Chen has more than 24 years of experience in strategic development of high-tech industries and fixed asset investment.Exe…
https://www.hkexnews.hk/listedco/listconews/sehk/2025/0307/2…
info
“Fab 9B, its new fab in eastern Jiangsu province, which began construction in March”
SINGLE SOURCE
Evidence mentions a new 12-inch fab in Wuxi, but does not specifically mention 'Fab 9B' or a construction start date of 'March' in eastern Jiangsu province.
travel_explore
web search NEUTRAL — Hua Hong Semiconductor Limited is a publicly listed Chinese pure-play semiconductor foundry company based in Shanghai, established in 1996 as part of China's national efforts to boost its IC industry.
https://en.wikipedia.org/wiki/Hua_Hong_Semiconductor
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web search NEUTRAL — HuaHong has successfully launched production at its new 12-inch fab in Wuxi, while ACM Shanghai has made strides with its advanced semiconductor equipment validations.
https://www.ic-online.com/blog/post/huahong-and-acm-shanghai…
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web search NEUTRAL — FAB is offering personal and private banking services, ranging from credit cards to Islamic banking, investment, loans, and mortgages in the UAE.FAB Mobile puts the power of the bank in your hands. Sp…
https://www.bankfab.com/
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“Reuters reported in April that Washington had asked multiple chip equipment companies to halt certain tool shipments to Hua Hong”
CORROBORATED
Two separate web search results confirm that Reuters reported the US government ordered chip equipment companies to halt certain tool shipments to Hua Hong.
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web search NEUTRAL — Hua Hong Semiconductor Limited is a publicly listed Chinese pure-play semiconductor foundry company based in Shanghai, established in 1996 as part of China's national efforts to boost its IC industry.
https://en.wikipedia.org/wiki/Hua_Hong_Semiconductor
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web search NEUTRAL — Reuters exclusively reported in March that Hua Hong Group had developed advanced chip manufacturing technologies that could be used to produce artificial intelligence chips, a milestone in Beijing's e…
https://ca.finance.yahoo.com/news/exclusive-us-orders-multip…
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web search NEUTRAL — Reuters reports that the US Department of Commerce ordered chip equipment makers, including Applied Materials (AMAT), Lam Research (LRCX), and KLA (KLAC), to halt certain tool shipments to Hua Hong, C…
https://www.tradingview.com/news/forexlive:f0606aedf094b:0-u…
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.