China’s leading semiconductor foundries, Semiconductor Manufacturing International Corporation (SMIC) and Hua Hong Semiconductor, expect their second-quarter sales to rise amid a dynamic global market defined by surging artificial intelligence demand and a memory supply crunch, while Hua Hong said it hopes this week’s Xi-Trump meetings could help relax US export controls.SMIC expected its second-quarter revenue to range between US$2.86 billion and US$2.91 billion, up from US$2.51 billion in the first quarter. Its smaller rival Hua Hong said second-quarter revenue was likely to range between US$690 million and US$700 million, compared with US$661 million in the prior quarter.“We are more optimistic about our full-year operations than we were last quarter, based on customer demand and orders on hand, and will remain flexible in allocating resources to ensure high-quality delivery in a complex environment,” SMIC said in a filing to the Hong Kong Stock Exchange on Thursday.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS145
ENT8
THU · 2026-05-14 · 12:27 GMTBRIEF NSR-2026-0514-76255
NSR-2026-0514-76255News Report·EN·Technology
Chinese foundries SMIC, Hua Hong forecast second-quarter growth amid AI boom
China's top semiconductor foundries, SMIC and Hua Hong, anticipate second-quarter sales growth driven by strong demand for artificial intelligence chips and a tight memory chip market. SMIC forecasts revenue between $2.86 billion and $2.91 billion, an increase from the first quarter's $2.51 billion.
Ann Cao,Howard LiuSouth China Morning PostFiled 2026-05-14 · 12:27 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
145words
Sources cited
1cited
Entities identified
8entities
Quality score
100%
§ 01
Briefing Summary
AI-generatedNEWSAR · AI
China's top semiconductor foundries, SMIC and Hua Hong, anticipate second-quarter sales growth driven by strong demand for artificial intelligence chips and a tight memory chip market. SMIC forecasts revenue between $2.86 billion and $2.91 billion, an increase from the first quarter's $2.51 billion. Hua Hong expects its second-quarter revenue to be between $690 million and $700 million, up from $661 million previously. Both companies expressed optimism for their full-year performance due to robust customer demand and existing orders. Hua Hong also indicated hope that recent US-China meetings might lead to a relaxation of US export controls.
Confidence 0.85Sources 1Claims 5Entities 8
§ 02
Article analysis
Model · rule-basedFraming
Technology
Economic Impact
Tone
Measured
AI-assessed
CalmNeutralAlarmist
Factuality
0.80 / 1.00
Factual
LowHigh
Sources cited
1
Limited
FewMany
§ 03
Key claims
5 extracted01
Hua Hong forecasts second-quarter revenue between US$690 million and US$700 million, up from US$661 million in Q1.
statisticHua Hong Semiconductor
Confidence
0.95
02
SMIC forecasts second-quarter revenue between US$2.86 billion and US$2.91 billion, an increase from US$2.51 billion in Q1.
statisticSMIC
Confidence
0.95
03
SMIC is more optimistic about full-year operations than last quarter based on customer demand and orders.
quoteSMIC
Confidence
0.90
04
SMIC and Hua Hong Semiconductor expect second-quarter sales to rise due to surging AI demand and a memory supply crunch.
predictionSMIC, Hua Hong Semiconductor
Confidence
0.90
05
Hua Hong hopes Xi-Trump meetings could help relax US export controls.
quoteHua Hong Semiconductor
Confidence
0.85
§ 04
Full report
1 min read · 145 words§ 05
Entities
8 identifiedKey playerOppositionContextPositiveNeutralNegative
Organizations5
§ 06
Keywords & salience
9 termssemiconductor foundries
1.00
artificial intelligence
0.90
smic
0.80
hua hong semiconductor
0.80
ai boom
0.70
second-quarter growth
0.70
export controls
0.60
memory supply crunch
0.50
customer demand
0.40
§ 07
Topic connections
Interactive graph Network visualization showing 10 related topics
View Full Graph Person Organization Location Event|Click node to navigate|Edge numbers = shared articles