Chinese semiconductor giant sees revenue rise 12.8% as profit declines

Semiconductor Manufacturing International Corporation reported a 12.8% increase in fourth-quarter revenue, reports Caixin, though net profit declined as heavy spending on capacity expansion weighed on earnings.

China’s largest chip foundry posted revenue of $2.49 billion for the three months ended December, according to a Tuesday earnings release. Net profit fell 24.9% from a year earlier to $203 million, as higher depreciation expenses cut the company’s gross margin by 3.4 percentage points to 19.2%.

For full-year 2025, revenue rose 16% to $9.33 billion, while net profit climbed 39.1% to $685 million, supported by stronger wafer sales and improved capacity utilization.