SMIC reports Q3 revenue up 34% YoY to ~$3.19B, net profit up 123% to ~$428.4M, above ~$396.8M est., and a gross margin of 29.9%, above its 26% to 28% guidance
THE SO WHAT
SMIC’s 34% revenue and 123% profit jump on AI spillover shows how much demand is cascading into non-leading-edge fabs. If you’re betting your roadmap on 3 nm access, assume more competition and consider what you can credibly ship on 7–14 nm over the next 24 months.
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