Shang Hai Zheng Quan Bao·2025-12-23 13:15Group 1 - SMIC has implemented a price increase of approximately 10% on certain capacities, with expectations for quick execution due to previously low storage product prices [2] - The increase in demand for semiconductors is driven by the growth in mobile applications and AI, alongside rising raw material costs [2] - TSMC has confirmed the consolidation of 8-inch capacity and plans to shut down some production lines by the end of 2027, which may also lead to price increase expectations among foundries [3] Group 2 - SMIC's capacity utilization rate rose to 95.8% in Q3, up 3.3 percentage points from 92.5% in Q2, indicating a state of supply not meeting demand [4] - Despite the traditional off-season in Q4, SMIC expects revenue guidance to remain flat to a 2% increase, with a gross margin forecast of 18% to 20% [4] - SMIC anticipates annual sales revenue to exceed $9 billion, marking a new milestone in revenue scale [4] Group 3 - Hua Hong's overall capacity utilization rate reached 109.5% in Q3, an increase of 1.2 percentage points from the previous quarter [5] - Hua Hong's three 8-inch wafer fabs maintain high capacity utilization, while its first 12-inch fab has a capacity of 95,000 wafers, consistently exceeding 100,000 wafers in output [5] - A new 12-inch fab is ramping up production, with an expected capacity of over 40,000 wafers, and output has already surpassed 35,000 wafers [5]