"Stock Market Brief" A-share chip stocks surge, reports say China seeks to increase AI chip production to reduce dependence on NVIDIA
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Chinese stock market chip stocks surged in early trading on Thursday, with the China Trading Service Semiconductor Chip Industry Index rising by 4.2% at one point. According to reports, Chinese chip manufacturers plan to double the production of AI chips by 2026 to reduce dependence on NVIDIA. Huawei aims to start production at a factory dedicated to AI chip manufacturing by the end of the year, with two additional factories set to be operational by 2026. SDIC Semiconductor hit the daily limit, while Lanqi Technology, Rockchip, and SMIC saw increases ranging from 5.4% to 9.7%
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