SMIC Posts Record $9.33B Revenue for 2025; Plans Above-Industry Growth in 2026

SMIC reported record full-year 2025 revenue of $9.327 billion — up 20.9% year-over-year — with net profit growing 39% to $685 million. The results confirm SMIC's position as the undisputed leader of China's domestic semiconductor foundry industry. The 2026 action plan maintains capital expenditure at ~$8.1 billion focused on legacy-node expansion in BCD, analog, MCU, and display driver IC processes. Despite being on the US Entity List since December 2020, SMIC has grown revenue by approximately 200% over five years, driven by China's domestic chip demand surge following US sanctions. TrendForce simultaneously projected that China's domestic AI chip market share will reach 50% in 2026, driven by SMIC-manufactured Huawei Ascend chips. The record results arrived amid unverified US allegations that SMIC transferred chipmaking equipment to Iran's military — allegations Beijing dismissed as 'false information' on March 29.