On the evening of August 13, SMIC and Hua Hong Semiconductor simultaneously announced their second-quarter results. Both wafer foundries achieved year-on-year and quarter-on-quarter growth in sales revenue and gross profit margins, with sales revenue reaching new highs, highlighting the prosperity of the semiconductor industry. Their positive forecasts for the third quarter suggest that this boom is likely to continue, with AI remaining the strongest driver of growth in the semiconductor industry, as demand expands from memory and logic sectors to power and analog products.
