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  • October 7, 2026
  • Last Update July 17, 2026 9:28 pm
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Naura overtakes SMIC in net profit as China’s chip tool strategy delivers

Naura overtakes SMIC in net profit as China’s chip tool strategy delivers

Naura Technology Group, China’s top semiconductor equipment supplier, reported a record net profit of CNY5.62 billion (US$776.5 million) in 2024, surpassing SMIC for the first time. The milestone underscores the financial upside of Beijing’s intensified push for localized chipmaking tools amid US tech restrictions.

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