{"slug":"smic","name":"SMIC","name_en":"SMIC","ticker":"0981.HK","updated_at":"2026-07-12T06:23:17.606212+00:00","canonical":"https://valuechain.wiki/smic","same_as":["https://finance.yahoo.com/quote/0981.HK"],"citable":"밸류체인 그래프 기준 SMIC의 직접 연결 기업은 13곳(관계 기준 공급 9·매출 4)이고, 사슬을 2차까지 넓히면 25곳에 닿는다. 링크의 근거 출처는 16건이며 그중 1차공시가 5건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, SMIC is directly linked to 13 companies (9 supply, 4 revenue relationships) and reaches 25 companies within two hops; the links are backed by 16 dated sources, 5 of them primary filings (as of 2026-07-12).","kicker":"항셍·SSE50 · 파운드리 · 중국 최대","kicker_en":"Hang Seng·SSE50 · foundry · China's largest","lead":"중국 최대 반도체 파운드리로, 미국 수출통제로 EUV를 못 쓰고 DUV 중심의 성숙·레거시 공정을 운영한다. 어플라이드·램·도쿄일렉트론에서 장비를 조달하되(EUV 제외) 나우라·AMEC·ACM 등 국산 장비로 대체를 넓히며 제재 우회 공급망을 짠다. 중국 팹리스가 주 고객이고, 국가집적회로펀드가 최대주주인 '반도체 자립'의 국가전략 자산이다.","lead_en":"China's largest semiconductor foundry, running DUV-based mature and legacy processes since US export controls cut off EUV. It sources tools from Applied, Lam and Tokyo Electron (minus EUV) while widening substitution with domestic equipment (Naura, AMEC, ACM) to build a sanctions-resilient supply chain. Its main customers are Chinese fabless firms, and with the National IC Fund as its largest shareholder it is a strategic national asset for semiconductor self-sufficiency.","segments":{"fy":2025,"parts":[{"desc":"최대 응용 축 — 가전·IoT 등 성숙노드 물량이 매출의 46%, 국산화 수요의 저변","name":"소비자 전자 (46%)"},{"desc":"디스플레이·전력·이미지 등 스마트폰용 성숙노드 — 매출의 19%","name":"스마트폰 (19%)"},{"desc":"컴퓨팅·산업·차량용 특수공정 — 각 14%, 자동차·산업 국산화가 성장 여지","name":"PC·태블릿 (14%)·산업·자동차 (14%)"},{"desc":"연결·웨어러블 칩 — 7%","name":"커넥티비티·웨어러블 (7%)"}],"total":"RMB 673.2억 ($93.3억, 2025 연결, +16.5%, 역대 최대)","source":"SMIC FY2025 실적","concentration":"성숙·레거시(DUV) 파운드리 중심 — 중국 89%·12인치 77%·가동률 93.5%. 8인치환산 969.7만장 출하(+20.9%). EUV 제재로 7nm는 수율이 마진을 눌러도, 국유펀드(대기금 2020년 23.08%→2026초 ~8%로 축소) 지원으로 성숙노드 캐파를 키워 중국 팹리스 국산 위탁을 흡수하는 국가전략 자산. 증설로 배당 생략, 순이익 +36%."},"segments_en":{"fy":2025,"parts":[{"desc":"The largest application axis — appliances/IoT mature-node volume at 46% of revenue, the base of localization demand","name":"Consumer electronics (46%)"},{"desc":"Display, power and image chips on mature nodes for smartphones — 19% of revenue","name":"Smartphone (19%)"},{"desc":"Computing, industrial and automotive specialty processes — 14% each, with auto/industrial localization the growth headroom","name":"PC & tablet (14%), industrial & auto (14%)"},{"desc":"Connectivity and wearable chips — 7%","name":"Connectivity & wearables (7%)"}],"total":"RMB 67.32bn ($9.33B, 2025 consolidated, +16.5%, record)","source":"SMIC FY2025 results","concentration":"A mature/legacy (DUV) foundry — China 89%, 12-inch 77%, 93.5% utilization; 9.697M 8-inch-equivalent wafers shipped (+20.9%). Under EUV curbs 7nm yields pressure margins, but state-fund support (Big Fund 23.08% in 2020, trimmed to ~8% by early 2026) grows mature-node capacity to absorb Chinese fabless localization — a national-strategic asset. Skipped its dividend for expansion; net profit +36%."},"returns_yearly":{"2021":-29.6,"2022":-7.4,"2023":-18.3,"2024":169.9,"2025":98.4,"2026":5.6},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"general-motors","name":"제너럴 모터스","name_en":"General Motors","tier":3,"returns_yearly":{"2021":40.8,"2022":-42.4,"2023":7.9,"2024":49.8,"2025":54.2,"2026":-3.8}},{"slug":"lg-electronics","name":"LG전자","name_en":"LG Electronics","tier":2,"returns_yearly":{"2021":-16.2,"2022":-20.9,"2023":-5.8,"2024":-9.5,"2025":19.2,"2026":85.5}},{"slug":"kyocera","name":"교세라","name_en":"Kyocera","tier":2,"returns_yearly":{"2021":7.5,"2022":-2.1,"2023":33.8,"2024":-24,"2025":46.7,"2026":63}},{"slug":"apple","name":"Apple","name_en":"Apple","tier":2,"returns_yearly":{"2021":34.6,"2022":-26.4,"2023":49,"2024":30.7,"2025":9.1,"2026":16.2}},{"slug":"xiaomi","name":"샤오미","name_en":"Xiaomi","tier":2,"returns_yearly":{"2021":-43.9,"2022":-21.1,"2023":-4.6,"2024":209.7,"2025":-6.9,"2026":-27.2}},{"slug":"gigadevice","name":"GigaDevice","name_en":"GigaDevice","tier":1,"returns_yearly":{"2021":7.3,"2022":-17,"2023":-45.1,"2024":103.8,"2025":147.9,"2026":94.6}},{"slug":"cambricon","name":"Cambricon","name_en":"Cambricon","tier":1,"returns_yearly":{"2021":-48.7,"2022":-21.2,"2023":77.1,"2024":420,"2025":120.1,"2026":65.9}},{"slug":"hygon","name":"Hygon","name_en":"Hygon","tier":1,"returns_yearly":{"2023":54.2,"2024":93.4,"2025":106.9,"2026":33.6}},{"slug":"qualcomm","name":"Qualcomm","name_en":"Qualcomm","tier":1,"returns_yearly":{"2021":22.3,"2022":-38.6,"2023":35.1,"2024":8.3,"2025":13.8,"2026":11.7}}],"benefiting":[{"slug":"acm-research","name":"ACM Research","name_en":"ACM Research","tier":1,"returns_yearly":{"2021":4.9,"2022":-72.9,"2023":153.4,"2024":-22.7,"2025":161.3,"2026":161.1}},{"slug":"applied-materials","name":"어플라이드 머티어리얼즈","name_en":"Applied Materials","tier":1,"returns_yearly":{"2021":83.6,"2022":-37.5,"2023":68,"2024":1.1,"2025":59.6,"2026":135}},{"slug":"lam-research","name":"램리서치","name_en":"Lam Research","tier":1,"returns_yearly":{"2021":53.7,"2022":-40.7,"2023":88.6,"2024":-6.8,"2025":139.2,"2026":105}},{"slug":"amec","name":"AMEC","name_en":"AMEC","tier":1,"returns_yearly":{"2021":-22.7,"2022":-11.6,"2023":8.9,"2024":58.3,"2025":93.5,"2026":86.3}},{"slug":"tokyo-electron","name":"도쿄일렉트론","name_en":"Tokyo Electron (TEL)","tier":1,"returns_yearly":{"2021":40.4,"2022":-14.5,"2023":89.8,"2024":-4.4,"2025":61.6,"2026":78.2}},{"slug":"naura","name":"Naura","name_en":"Naura Technology","tier":1,"returns_yearly":{"2021":41.3,"2022":-17.2,"2023":-2.6,"2024":65.9,"2025":70.6,"2026":68.7}},{"slug":"cadence","name":"Cadence Design Systems","name_en":"Cadence Design Systems","tier":1,"returns_yearly":{"2021":36.6,"2022":-13.8,"2023":69.6,"2024":10.3,"2025":4,"2026":22.9}},{"slug":"synopsys","name":"Synopsys","name_en":"Synopsys","tier":1,"returns_yearly":{"2021":42.1,"2022":-13.4,"2023":61.3,"2024":-5.7,"2025":-3.2,"2026":-5.2}},{"slug":"siemens-eda","name":"Siemens EDA","name_en":"Siemens EDA","tier":1,"returns_yearly":null},{"slug":"ichor-holdings","name":"이코르","name_en":"Ichor Holdings","tier":2,"returns_yearly":{"2021":52.7,"2022":-41.7,"2023":25.4,"2024":-4.2,"2025":-42.8,"2026":444.2}},{"slug":"mks-instruments","name":"MKS Instruments","name_en":"MKS Instruments","tier":2,"returns_yearly":{"2021":16.4,"2022":-51,"2023":22.6,"2024":2.2,"2025":54.4,"2026":131}},{"slug":"advanced-energy","name":"어드밴스드에너지","name_en":"Advanced Energy Industries","tier":2,"returns_yearly":{"2021":-5.7,"2022":-5.4,"2023":27.5,"2024":6.6,"2025":81.6,"2026":47.2}},{"slug":"smc","name":"SMC Corporation","name_en":"SMC Corporation","tier":2,"returns_yearly":{"2021":0.9,"2022":4.5,"2023":28.6,"2024":-28,"2025":4.2,"2026":26.6}},{"slug":"wonik-qnc","name":"원익QnC","name_en":"Wonik QnC","tier":2,"returns_yearly":{"2021":26.2,"2022":2,"2023":11.9,"2024":-33.7,"2025":53.4,"2026":9.3}},{"slug":"siemens-ag","name":"지멘스","name_en":"Siemens AG","tier":2,"returns_yearly":{"2021":12.2,"2022":5.1,"2023":20.1,"2024":28,"2025":26.4,"2026":8.7}},{"slug":"tck","name":"티씨케이","name_en":"TCK (Tokai Carbon Korea)","tier":2,"returns_yearly":{"2021":-10.1,"2022":-16.9,"2023":2.8,"2024":-28.7,"2025":225.7,"2026":-2.5}},{"slug":"hana-materials","name":"하나머티리얼즈","name_en":"Hana Materials","tier":2,"returns_yearly":{"2021":106,"2022":-30.5,"2023":26.1,"2024":-47.4,"2025":173.9,"2026":-15.7}},{"slug":"kc-tech","name":"케이씨텍","name_en":"KC Tech","tier":3,"returns_yearly":{"2021":-24.2,"2022":-6.1,"2023":57.9,"2024":5.9,"2025":56.7,"2026":108.1}},{"slug":"siemens-energy","name":"Siemens Energy","name_en":"Siemens Energy","tier":3,"returns_yearly":{"2021":-35.4,"2022":-2.7,"2023":-27,"2024":314.2,"2025":149.9,"2026":5.7}},{"slug":"hana-micron","name":"하나마이크론","name_en":"Hana Micron","tier":3,"returns_yearly":{"2021":109,"2022":-41,"2023":143.5,"2024":-52.4,"2025":269.3,"2026":5.3}}],"analysis":"투자 논점은 제재가 만든 '중국 성숙공정 자립'의 최대 수혜와 그 한계다. EUV 접근이 막혀 선단공정은 7nm에서 멈췄지만, 성숙·레거시(DUV) 캐파를 국유펀드(국가집적회로펀드 약 23%) 지원으로 공격적으로 늘려 중국 팹리스(하이곤·캄브리콘·기가디바이스)의 국산 위탁 수요를 흡수한다. 장비는 어플라이드·램·도쿄일렉트론 의존을 나우라·AMEC·ACM 국산으로 대체하는 국면이라, 국산화 진척이 캐파 증설의 상한을 결정한다. 리스크는 성숙노드 공급과잉·가동률 하락과, 추가 제재로 서방 장비·EDA 접근이 더 좁아질 가능성이다.","analysis_en":"The thesis is prime leverage to — and the limits of — the China mature-process self-sufficiency that sanctions created. Cut off from EUV, its leading edge stops at 7nm, but it aggressively expands mature/legacy (DUV) capacity with state-fund backing (National IC Fund ~23%) to absorb domestic outsourcing demand from Chinese fabless firms (Hygon, Cambricon, GigaDevice). As it substitutes Applied/Lam/TEL dependence with domestic Naura/AMEC/ACM tools, localization progress sets the ceiling on capacity expansion. The risks are mature-node oversupply and falling utilization, plus the chance that further sanctions narrow Western tool and EDA access.","analysis_asof":"2026-07-10"},"edges":[{"direction":"cost","counterparty":"AMEC","counterparty_slug":"amec","confidence":"high","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"CCP·ICP 식각 장비를 AMEC에서 조달.","note_en":"Sources CCP/ICP etch tools from AMEC.","sources":[{"stance":"confirms","publisher":"AMEC/SSE","publisher_en":"AMEC/SSE","kind":"filing","lang":"en","published_at":"2026-03-01","url":"https://www.amec-inc.com/en/","title":"AMEC 회사·IR(상하이거래소)","title_en":"AMEC company/IR (SSE)","excerpt":"SMIC가 AMEC CCP·ICP 식각 장비 800대+ 도입(최대 고객)","excerpt_en":"SMIC deployed 800+ AMEC CCP/ICP etchers (its largest customer)"}]},{"direction":"revenue","counterparty":"Hygon","counterparty_slug":"hygon","confidence":"high","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"하이곤 x86 CPU·DCU 위탁생산.","note_en":"Manufactures Hygon x86 CPUs and DCUs.","sources":[{"stance":"confirms","publisher":"SCMP","publisher_en":"SCMP","kind":"news","lang":"en","published_at":"2026-03-13","url":"https://www.scmp.com/tech/big-tech/article/3344729/china-computing-stalwarts-hygon-sugon-post-revenue-surge-ai-boom-tech-self-reliance","title":"Hygon·Sugon, AI붐·자립으로 매출 급증","title_en":"Hygon and Sugon post revenue surge on AI boom and self-reliance","excerpt":"하이곤 x86 CPU·DCU 위탁생산.","excerpt_en":"Manufactures Hygon x86 CPUs and DCUs."}]},{"direction":"cost","counterparty":"ACM Research","counterparty_slug":"acm-research","confidence":"high","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"웨이퍼 세정 장비를 ACM에서 조달.","note_en":"Sources wafer-cleaning tools from ACM Research.","sources":[{"stance":"confirms","publisher":"SemiAnalysis","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2026-01-01","url":"https://newsletter.semianalysis.com/p/acm-research-chinas-most-successful","title":"ACM Research, SK하이닉스·인텔 수주(중국 최대 장비사)","title_en":"ACM Research wins at SK Hynix and Intel (China top equipment)","excerpt":"웨이퍼 세정 장비를 ACM에서 조달.","excerpt_en":"Sources wafer-cleaning tools from ACM Research."}]},{"direction":"cost","counterparty":"Naura","counterparty_slug":"naura","confidence":"high","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"식각·증착 장비를 나우라에서 조달(국산화).","note_en":"Sources etch/deposition tools from Naura.","sources":[{"stance":"confirms","publisher":"Naura/SZSE","publisher_en":"Naura/SZSE","kind":"filing","lang":"en","published_at":"2026-03-01","url":"https://www.naura.com","title":"Naura 회사·IR(선전거래소)","title_en":"Naura company/IR (SZSE)","excerpt":"SMIC 28nm 이하 증설에 나우라 식각·증착 장비 국산 대체 조달","excerpt_en":"SMIC sources Naura etch/deposition tools for sub-28nm expansion (localization)"}]},{"direction":"investor","counterparty":"중국 국가집적회로펀드 (大基金) 등","counterparty_slug":null,"confidence":"high","metric":{"type":"share","unit":"%","value":23.08,"period":"2020 취득(2026 ~8%로 축소)","qualifier":"state_fund_ownership"},"note":"국가집적회로펀드(大基金) 등 국유 자본이 지배구조의 축 — 2020년 대기금이 SMIC 지분 23.08%를 취득했고, 2025년 자회사 SMNC 인수 대가 증자로 3대 주주 지위를 확보한 뒤 2026년 초 약 8%로 축소했다. 상하이펀드 등과 함께 국유 주주가 캐펙스·국산화 정책의 배경.","note_en":"State capital led by the China IC Fund (Big Fund) is the axis of ownership — the Big Fund took 23.08% of SMIC in 2020 and, after a share issuance for the SMNC subsidiary acquisition in 2025, held a third-largest stake before trimming to ~8% in early 2026. With the Shanghai fund and others, state shareholders underpin capex and localization policy.","sources":[{"stance":"confirms","publisher":"SCMP","publisher_en":"SCMP","kind":"news","lang":"en","published_at":"2025-11-20","url":"https://www.scmp.com/tech/big-tech/article/3358332/chinas-big-fund-becomes-smics-third-largest-shareholder-after-record-star-market-buyout","title":"中 대기금, SMIC 3대 주주로 — 스타마켓 사상 최대 증자","title_en":"China's Big Fund becomes SMIC's third-largest shareholder","excerpt":"대기금 2020년 SMIC 23.08% 취득, 2025년 SMNC 증자로 3대 주주, 2026초 ~8%","excerpt_en":"Big Fund took 23.08% of SMIC in 2020; third-largest after 2025 SMNC issuance; ~8% by early 2026"}]},{"direction":"cost","counterparty":"도쿄일렉트론","counterparty_slug":"tokyo-electron","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"도쿄일렉트론에서 전공정 장비(DUV) 매입.","note_en":"Purchases front-end equipment (DUV) from Tokyo Electron.","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"도쿄일렉트론에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Tokyo Electron (TEL)."},{"stance":"confirms","publisher":"Statista","publisher_en":"Statista","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.statista.com/chart/32653/market-share-of-semiconductor-foundries-by-revenue/","title":"파운드리 점유율(SMIC 포함)","title_en":"Foundry market share","excerpt":"도쿄일렉트론에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Tokyo Electron (TEL)."}]},{"direction":"cost","counterparty":"어플라이드 머티어리얼즈","counterparty_slug":"applied-materials","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"어플라이드 머티어리얼즈에서 전공정 장비(DUV) 매입.","note_en":"Purchases front-end equipment (DUV) from Applied Materials.","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"어플라이드 머티어리얼즈에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Applied Materials."},{"stance":"confirms","publisher":"Statista","publisher_en":"Statista","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.statista.com/chart/32653/market-share-of-semiconductor-foundries-by-revenue/","title":"파운드리 점유율(SMIC 포함)","title_en":"Foundry market share","excerpt":"어플라이드 머티어리얼즈에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Applied Materials."}]},{"direction":"revenue","counterparty":"중국 팹리스 (비공개)","counterparty_slug":null,"confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"레거시 파운드리을(를) 중국 팹리스에 공급.","note_en":"Supplies legacy foundry to Chinese fabless firms.","sources":[{"stance":"confirms","publisher":"TrendForce","publisher_en":"TrendForce","kind":"news","lang":"en","published_at":"2026-02-11","url":"https://www.trendforce.com/news/2026/02/11/news-smic-posts-record-9-3b-in-2025-sales-7nm-yields-reportedly-weigh-on-margins/","title":"SMIC 2025 매출 사상 최대 RMB 673억($93.3억, +16.5%); 가동률 93.5%","title_en":"SMIC posts record RMB 67.3bn ($9.33B, +16.5%) in 2025; utilization 93.5%","excerpt":"SMIC 2025 매출 RMB 673억(+16.5%); 응용별 소비46%·스마트폰19%·PC14%·산업자동14%; 중국 89%·12인치 77%·가동률 93.5%","excerpt_en":"SMIC 2025 revenue RMB 67.3bn (+16.5%); by application consumer 46%, smartphone 19%; China 89%, 12-inch 77%, utilization 93.5%"},{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"레거시 파운드리을(를) 중국 팹리스에 공급.","excerpt_en":"Supplies legacy foundry to Chinese fabless."}]},{"direction":"cost","counterparty":"램리서치","counterparty_slug":"lam-research","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"램리서치에서 전공정 장비(DUV) 매입.","note_en":"Purchases front-end equipment (DUV) from Lam Research.","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"램리서치에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Lam Research."},{"stance":"confirms","publisher":"Statista","publisher_en":"Statista","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.statista.com/chart/32653/market-share-of-semiconductor-foundries-by-revenue/","title":"파운드리 점유율(SMIC 포함)","title_en":"Foundry market share","excerpt":"램리서치에서 전공정 장비(DUV) 매입.","excerpt_en":"Buys front-end equipment (DUV) from Lam Research."}]},{"direction":"cost","counterparty":"Synopsys","counterparty_slug":"synopsys","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"Synopsys EDA 툴·IP 라이선스 지급.","note_en":"Pays for synopsys EDA tools and IP licenses.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-12-22","url":"https://www.sec.gov/Archives/edgar/data/883241/000088324125000028/snps-20251031.htm","title":"Synopsys FY2025 연차보고서(10-K)","title_en":"Synopsys FY2025 annual report (10-K)","excerpt":"SMIC 파운드리가 Synopsys EDA 툴·IP를 공정(PDK·DTCO) 인증·라이선스.","excerpt_en":"smic foundry certifies and licenses synopsys EDA tools/IP for its process (PDK/DTCO)."},{"stance":"confirms","publisher":"TSMC","publisher_en":"TSMC","kind":"ir","lang":"en","published_at":"2025-04-01","url":"https://www.tsmc.com/english/dedicatedFoundry/oip/eda_alliance","title":"TSMC OIP EDA 얼라이언스(공정 인증)","title_en":"TSMC OIP EDA Alliance (process certification)","excerpt":"SMIC 파운드리가 Synopsys EDA 툴·IP를 공정(PDK·DTCO) 인증·라이선스.","excerpt_en":"smic foundry certifies and licenses synopsys EDA tools/IP for its process (PDK/DTCO)."}]},{"direction":"revenue","counterparty":"GigaDevice","counterparty_slug":"gigadevice","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"GigaDevice NOR·MCU 위탁생산.","note_en":"Manufactures GigaDevice NOR flash and MCUs.","sources":[{"stance":"confirms","publisher":"DigiTimes","publisher_en":"DigiTimes","kind":"news","lang":"en","published_at":"2026-03-31","url":"https://www.digitimes.com/news/a20260331VL212/2025-gigadevice-dram-earnings-revenue.html","title":"GigaDevice 2025 사상 최대 실적·DRAM $8.25억 확보","title_en":"GigaDevice posts record 2025 earnings, locks in $825M DRAM supply","excerpt":"GigaDevice NOR·MCU 위탁생산.","excerpt_en":"Manufactures GigaDevice NOR flash and MCUs."}]},{"direction":"cost","counterparty":"Siemens EDA","counterparty_slug":"siemens-eda","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"지멘스 EDA(Calibre 등) 라이선스 지급.","note_en":"Pays for Siemens EDA (Calibre etc.) licenses.","sources":[{"stance":"confirms","publisher":"SemiWiki","publisher_en":"SemiWiki","kind":"research","lang":"en","published_at":"2025-06-01","url":"https://semiwiki.com/wikis/company-wikis/mentor-graphics-wiki/","title":"Siemens EDA(멘토그래픽스) 위키","title_en":"Siemens EDA (Mentor Graphics) wiki","excerpt":"SMIC가 Calibre 물리검증을 테이프아웃 사인오프로 지정·라이선스.","excerpt_en":"smic specifies and licenses Calibre physical verification for tape-out signoff."},{"stance":"confirms","publisher":"Siemens","publisher_en":"Siemens","kind":"ir","lang":"en","published_at":"2025-01-01","url":"https://eda.sw.siemens.com/en-US/ic/calibre-design/physical-verification/","title":"Siemens Calibre 물리검증","title_en":"Siemens Calibre physical verification","excerpt":"SMIC가 Calibre 물리검증을 테이프아웃 사인오프로 지정·라이선스.","excerpt_en":"smic specifies and licenses Calibre physical verification for tape-out signoff."}]},{"direction":"cost","counterparty":"Cadence Design Systems","counterparty_slug":"cadence","confidence":"mid","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"Cadence Design Systems EDA 툴·IP 라이선스 지급.","note_en":"Pays for cadence EDA tools and IP licenses.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2026-02-19","url":"https://www.sec.gov/Archives/edgar/data/813672/000081367226000016/cdns-20251231.htm","title":"Cadence FY2025 연차보고서(10-K)","title_en":"Cadence FY2025 annual report (10-K)","excerpt":"SMIC 파운드리가 Cadence Design Systems EDA 툴·IP를 공정(PDK·DTCO) 인증·라이선스.","excerpt_en":"smic foundry certifies and licenses cadence EDA tools/IP for its process (PDK/DTCO)."},{"stance":"confirms","publisher":"TSMC","publisher_en":"TSMC","kind":"ir","lang":"en","published_at":"2025-04-01","url":"https://www.tsmc.com/english/dedicatedFoundry/oip/eda_alliance","title":"TSMC OIP EDA 얼라이언스(공정 인증)","title_en":"TSMC OIP EDA Alliance (process certification)","excerpt":"SMIC 파운드리가 Cadence Design Systems EDA 툴·IP를 공정(PDK·DTCO) 인증·라이선스.","excerpt_en":"smic foundry certifies and licenses cadence EDA tools/IP for its process (PDK/DTCO)."}]},{"direction":"revenue","counterparty":"Cambricon","counterparty_slug":"cambricon","confidence":"mid","metric":{"type":"qualifier","qualifier":"media_identified_smic_n2"},"note":"캄브리콘 Siyuan 590/690 등 AI 가속기를 SMIC N+2(7nm) DUV 공정으로 위탁생산 — 캄브리콘 연차보고서는 최대 공급사를 익명 처리하나 매체가 SMIC로 지목(수율 ~20%). 수출통제로 국산 파운드리 수요가 SMIC에 집중되는 축이나, 이름은 매체 근거.","note_en":"Manufactures Cambricon AI accelerators (Siyuan 590/690) on SMIC's N+2 (7nm) DUV process — Cambricon's annual report anonymizes its top supplier, but media identify it as SMIC (yield ~20%). Export controls concentrate domestic-foundry demand on SMIC, though the name rests on media.","sources":[{"stance":"confirms","publisher":"TrendForce","publisher_en":"TrendForce","kind":"research","lang":"en","published_at":"2025-12-15","url":"https://www.trendforce.com/news/2025/12/15/insights-cambricon-remains-chinas-top-ai-chip-startup-rumored-2026-triple-output-faces-smic-limits/","title":"트렌드포스 — 캄브리콘 Siyuan 590/690 SMIC N+2(7nm) 위탁, 수율 한계","title_en":"TrendForce — Cambricon Siyuan 590/690 on SMIC N+2 (7nm), yield limits","excerpt":"매체(트렌드포스): 캄브리콘 Siyuan 590/690 SMIC N+2(7nm) 위탁, 수율 ~20%","excerpt_en":"Media (TrendForce): Cambricon Siyuan 590/690 on SMIC N+2 (7nm), yield ~20%"}]},{"direction":"revenue","counterparty":"Qualcomm","counterparty_slug":"qualcomm","confidence":"low","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"Qualcomm에 레거시 파운드리 공급.","note_en":"Supplies legacy foundry to Qualcomm.","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"Qualcomm에 레거시 파운드리 공급.","excerpt_en":"Supplies legacy foundry to Qualcomm."},{"stance":"confirms","publisher":"회사 IR/거래소 공시","publisher_en":"Company IR / exchange filing","kind":"filing","lang":"en","published_at":"2025-04-01","url":"https://www.smics.com/en/site/company_report","title":"SMIC 연차보고서(HKEX)","title_en":"SMIC annual report (HKEX)","excerpt":"연차보고서: 매출·고객·사업.","excerpt_en":"Annual report: revenue, customers, business."},{"stance":"confirms","publisher":"Statista","publisher_en":"Statista","kind":"analysis","lang":"en","published_at":"2025-01-01","url":"https://www.statista.com/chart/32653/market-share-of-semiconductor-foundries-by-revenue/","title":"파운드리 점유율(SMIC 포함)","title_en":"Foundry market share","excerpt":"Qualcomm에 레거시 파운드리 공급.","excerpt_en":"Supplies legacy foundry to Qualcomm."}]},{"direction":"cost","counterparty":"설비·인프라 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"설비·인프라 투자(비공개).","note_en":"Equipment and infrastructure (undisclosed).","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"설비·인프라 투자(비공개).","excerpt_en":"Equipment and infrastructure (undisclosed)."}]},{"direction":"cost","counterparty":"웨이퍼·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"amount","unit":"CNY","value":67320000000,"period":"SMIC FY2025 매출 컨텍스트","qualifier":"company_scale"},"note":"제조용 부품·소재·R&D(비공개).","note_en":"Parts, materials and R&D (undisclosed).","sources":[{"stance":"confirms","publisher":"SMIC","publisher_en":"SMIC","kind":"ir","lang":"en","published_at":"2025-05-01","url":"https://www.smics.com/en/site/company_invest","title":"SMIC IR","title_en":"SMIC IR","excerpt":"제조용 부품·소재·R&D(비공개).","excerpt_en":"Parts, materials and R&D (undisclosed)."}]}]}