Advanced Micro‑Fabrication Equipment Inc. China (AMEC) reported H1 2026 revenue of RMB 6.69 billion ($934M)** , up **34.9%** year‑on‑year, and **net profit of RMB 2.83 billion ($396M) – a 300% surge – driven by AI compute demand, global equipment market growth, and accelerating domestic substitution. Core operating profit (ex‑non‑recurring) rose 108% to RMB 1.12 billion.

R&D spending hit RMB 2.04 billion ($285M) , up 36.9% , accounting for 30.5% of revenue. By end‑June, AMEC had developed 54 high‑end equipment models, with over 8,800 reaction chambers deployed across more than 220 production lines worldwide – the broadest commercial footprint among domestic equipment peers.

Concurrently, AMEC greenlit a RMB 3.5 billion ($490M) Phase II expansion at its Lingang manufacturing base, adding capacity, upgrading process tech, and positioning for further M&A – all reinforcing its role as a platform‑scale domestic equipment leader.

ICgoodFind Takeaway:
Profit tripling plus major fab expansion means faster etching and deposition tool delivery – a direct boost to China’s wafer fab localization efforts.