Semiconductor Manufacturing International Corp. (SMIC) $0981.HK, China’s largest semiconductor manufacturer, recently reported impressive financial results for the first quarter of 2025. The company saw a significant increase in both revenue and profit, with profits more than doubling compared to the previous year. This growth can be partly attributed to a surge in orders from US-based clients who were attempting to circumvent potential tariff hikes. However, despite the positive financial performance, SMIC's results fell short of analysts' expectations, and the company has issued a cautious outlook for the second quarter, citing potential operational challenges ahead.

Semiconductor Manufacturing International Corp (SMIC) $0981.HK has once again cemented its reputation as China's leading chip manufacturer, posting remarkable financial results for the first quarter. Surging revenue and profits—more than doubling year-over-year—spotlight the company's expanding influence, largely fueled by a rush of U.S. orders as American clients scramble to preempt possible tariff increases.

In 2015, Taiwanese company Powerchip Technology $6770.TW signed an agreement with the city of Hefei in eastern China to establish a new chip manufacturing plant. The goal of this venture was to strengthen Powerchip's position in the promising Chinese market. However, after nine years, the market dynamics have significantly evolved.