SMIC weighs more capacity as AI-related chip demand exceeds forecasts

Semiconductor Manufacturing International Corporation (SMIC), China's largest chipmaker, is looking to add new equipment in its factories due to a surge in demand for mature-node chips used with AI processors. The company's management confirmed on Friday that customer orders had significantly exceeded earlier forecasts for this year. This increase in demand is driven by a global boom in artificial intelligence infrastructure, leading to shortages in AI-related chips. SMIC anticipates that these trends will continue to impact the market, necessitating further investments in equipment and technology.