On Nov. 13 at its Q3 results meeting, SMIC co-CEO Zhao Haijun said near-term
industry certainty centers on two points: AI demand could lengthen the
semiconductor upcycle and change growth structure and cycle dynamics; and
large-scale, ongoing localization of the full industry supply chain. SMIC plans
to leverage strategic ties with Chinese customers and faster customer-led
innovation to strengthen specialized and customized process capabilities, expand
capacity driven by customer demand, and prioritize a high-value product mix to
preserve EBITDA (operating cash-flow capacity), tighten cost control, lift
operational efficiency and bolster resilience across cycles for higher-quality,
sustainable growth.
