Zhong Guo Jing Ying Bao·2025-08-15 20:37Core Insights - The global semiconductor market is in a recovery phase, with major domestic foundries, SMIC and Hua Hong Semiconductor, reporting strong performance in capacity utilization [3][4] - SMIC's capacity utilization is at 92.5%, while Hua Hong's exceeds 100% at 108.3% [3][4] Company Performance - SMIC reported Q2 sales of $2.209 billion, a year-on-year increase of 16.2%, but a quarter-on-quarter decrease of 1.7% [5] - Net profit for SMIC in Q2 was $132 million, down 19.5% year-on-year and 29.5% quarter-on-quarter, with a gross margin of 20.4% [5][6] - Hua Hong Semiconductor achieved Q2 sales of $566 million, a year-on-year increase of 18.3% and a quarter-on-quarter increase of 4.6% [7] - Hua Hong's net profit for Q2 was $7.952 million, up 19.17% year-on-year and 112.1% quarter-on-quarter, with a gross margin of 10.9% [7] Market Trends - The global semiconductor market size exceeded $340 billion in the first half of the year, reflecting an 18.9% year-on-year growth [4] - The demand for automotive and industrial chips is increasing, indicating a shift towards domestic chip production [9][10] Future Outlook - SMIC expects Q3 revenue to grow by 5% to 7%, with a gross margin forecast of 18% to 20% [11] - Hua Hong anticipates Q3 sales between $620 million and $640 million, with a gross margin expected between 10% and 12% [11] - The global foundry market is projected to grow by 17% year-on-year in 2025, reaching over $165 billion [10]