China’s top chip foundry SMIC unveils action plan for seizing new growth opportunities

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Apr. 01, 2026 –

Firm aims for above-average growth this year under plan for ‘optimising existing stock and digging for new increments’

By Ann Cao, South China Morning Post

Semiconductor Manufacturing International Corp (SMIC) launched an action plan to enhance its current businesses and seek new growth in 2026, as the largest contract chipmaker in China aims to solidify its role as the backbone of the country’s self-sufficiency drive.

Released alongside its annual report for 2025, the plan outlined a commitment to “optimising existing stock and digging for new increments”, the company said in a stock exchange filing on Thursday.

The company said two trends would continue to bring new growth opportunities to the domestic semiconductor industry this year: the return of the supply chain from overseas and the replacement of older products made overseas with new domestic ones.

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