On August 14, Zhao Haijun, the co-CEO of SMIC, stated at the second-quarter earnings conference that the industrial boost and spillover effects from artificial intelligence will persist in the second half of the year, driving broad demand for integrated circuit manufacturing. The company will flexibly allocate and rapidly validate production capacity to alleviate supply chain shortages. Meanwhile, the pressure of rising supply chain costs has been passed on to the manufacturing sector, and the company will actively respond to minimize the impact.
