SMIC International: More optimistic about the overall operation situation this year, AI related demand drives the company's power management chip production capacity to be in short supply.

SMIC International has released an announcement regarding the record of investor relations activities, and based on customer demand and current order situation, the company is more optimistic about the overall operational situation this year compared to the previous quarter. This is mainly because: firstly, the strong demand for AI-related chips directly drives the company's power management chip production capacity to be in short supply; secondly, the overseas suction effect of AI makes customers in the consumption and IoT industries seek production capacity and orders in mainland China; thirdly, AI also drives the demand for new applications such as ToF, electric vehicles, and robots, and local companies actively explore the market; fourthly, the demand for domestic logic, network communication, and other chips is driven by the localization of the industry chain; fifthly, the price increase effect and customers stocking up early due to concerns about future supply shortages. In the changing market environment, the company's advantages in technology reserves, platform diversity, and flexibility in production capacity conversion support the company's ability to receive orders.