Semiconductor Manufacturing International Corp

00981: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Chinese Foundries Benefit More Than Expected on Localization Demand, but Shares Still Expensive

Phelix Lee

Aug 8, 2025

Hua Hong and Semiconductor Manufacturing International's June quarter revenue and gross margin exceeded guidance. Both firms enjoyed pretariff rush orders on top of localization demand. The duo expects sequential volume and average selling price increases in the September quarter.

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Semiconductor Manufacturing International Corp

Chinese Foundries Benefit More Than Expected on Localization Demand, but Shares Still Expensive

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