Semiconductor Manufacturing International Corporation reported solid financial performance for 2025, reflecting continued momentum in global semiconductor demand and strategic capacity expansion.
Revenue increased by 16.2% year-over-year to US$9.33 billion, while gross margin improved from 18.0% to 21.0%. Profit attributable to shareholders rose significantly by 39.0% to US$685 million, and EBITDA grew 20.0% to US$5.26 billion, indicating stronger operational efficiency despite ongoing depreciation pressures.
Operationally, SMIC achieved a major milestone by surpassing 1 million 8-inch equivalent wafers per month in capacity, with utilization rates rising to 93.5%. This reflects robust demand, particularly from high-growth sectors such as artificial intelligence, data centers, and automotive electronics.
From a strategic standpoint, SMIC continued to reinforce its position as the world’s second-largest pure-play foundry, supported by steady capacity expansion and increased localization demand in China’s semiconductor ecosystem. The company also advanced key structural initiatives, including investments and partnerships aimed at strengthening its long-term manufacturing and technology base.
Technology development remained a priority, with R&D spending reaching US$774 million (8.3% of revenue). Efforts focused on process optimization, product upgrades, and deeper collaboration across the semiconductor value chain, including advanced packaging capabilities.
Looking ahead, SMIC highlighted 2026 as a critical year, with a focus on scaling technology, improving operational efficiency, managing costs, and capturing growth opportunities in AI-driven and high-performance applications.
From a market perspective, SMIC’s results underline the continued strength of mature and mid-to-advanced node demand, particularly in power, automotive, and industrial segments. At the same time, high utilization and sustained investment signal ongoing supply-demand tightness in certain technology nodes, reinforcing the importance of regional manufacturing capacity in the evolving global semiconductor landscape.
Original – SMIC