ChinaAMC Guozheng Semiconductor Chip ETF

SMIC States Significant Production Demand for Phones and PCs Will Return

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Morgan Stanley raises targets for SMIC and Hua Hong, citing AI-driven mature process shortage

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SMIC received 996 million yuan in financing purchases on May 18.

CICC maintains 'Outperform' rating on SMIC, citing benefits from localized production demand

Report: China's chip equipment localization shifts from trials to mass production

Jinhong Gas: Helium products have been stably supplied to clients such as SMIC

HSBC Research Lowers SMIC's Target Price but Maintains 'Buy' Rating

HSBC Research on SMIC: Cuts Target Price to HKD 89, Bullish on 28% Revenue Growth in 2026

SMIC's AI demand surges, with first-quarter revenue of 17.6 billion, more optimistic about full-year operations

JPMorgan raises SMIC rating to "Neutral" and lifts target price to HK$67

BOC International Maintains Buy Rating on SMIC, Raises H-Share Target Price to HKD 98.6

Citi upgrades SMIC to 'Buy' on improved utilization and pricing power

Citigroup Raises SMIC Target Price to HKD 94.1, Maintains Outperform Rating

Goldman Sachs Raises SMIC Profit Forecasts, Maintains Buy Rating with HK$135 Target Price

SMIC to Participate in the 2026 IEEE/JSAP Symposium on VLSI Technology and Circuits

Citi Upgrades SMIC to 'Buy' with a Raised Target Price of HK$28

SMIC Founder Reveals Purchase of 800 Equipment Units from AMEC, Accelerating Supply Chain Localization

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SMICis optimistic about its operations this year due to strong customer demand and order backlog. The company faces a short supply of power management chips driven by AI demand, leading to order repatriation from overseas. Increased demand for domestic substitution in logic and networking chips, along with price hikes and inventory buildup by customers, further supports this positive outlook.

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Hwabao WP CSI HK Connect Information Technology Composite ETF

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ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

SMIC

SMIC HK SDR 5to1

SMIC : More Optimistic on Overall Operations This Year; AI Drives Power Management Chip Capacity into Short Supply

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Morgan Stanley analyst maintained a Buy rating on Semiconductor Manufacturing International today and set a price target of HK$85.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Semiconductor Manufacturing International has an analyst consensus of Strong Buy, with a price target consensus of HK$86.24.

- Morgan Stanley analyst maintained a Buy rating on Semiconductor Manufacturing International, setting a price target of HK$85.00.  
- The company has an analyst consensus of Strong Buy, with a price target consensus of HK$86.24.  
- This indicates positive expectations from analysts regarding the company’s stock performance.

Tip Ranks

Morgan Stanley

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Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant

Citi upgraded SMIC, China's largest chipmaker, to Buy, citing strong domestic chip localization and rising AI demand. SMIC reported Q1 revenue of $2.5 billion, up 12% year-on-year, with a gross margin of 20.1%. The company expects Q2 revenue growth of 14-16% and improved margins. Despite challenges like a memory supply crunch and geopolitical tensions, SMIC is positioned to benefit from China's push for technological self-sufficiency.

- Citi upgraded SMIC, China's largest semiconductor company, to Buy, citing strong domestic chip localization, rising AI demand, and improving pricing power.  
- The company reported a first-quarter revenue of $2.5 billion, up 12% year-on-year, with an improved gross margin of 20.1%.  
- SMIC's outlook for the second quarter indicates revenue growth of 14–16% sequentially, bolstered by increasing demand for various chip types amid challenges such as geopolitical tensions and a memory supply crunch.

Investing

Citigroup

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Buy this China chip stock, Citi says

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JPMorgan upgraded SMIC to Neutral and raised its target price to HKD67, citing a better-than-expected 1Q gross margin and strong 2Q revenue guidance. Despite anticipated consumer electronics demand weakening in 2H, the bank increased its 2026 and 2027 earnings forecasts by about 15%. The upgrade reflects broader price increases, although risks remain from potential declines in consumer demand.

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JPMorgan Chase

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JPMorgan Chase & Co.

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JPM Upgrades SMIC  to Neutral, Raises TP to HKD67

SMIC reports an increase in foreign orders as overseas clients shift production to China due to rising AI demand, which is straining capacity at foreign foundries. The company has upgraded its 2026 operational forecast in response to strong AI-driven demand and domestic substitution. However, U.S. export controls on chips continue to pose challenges, particularly for advanced AI chip sales to China.

SMIC sees foreign orders rise as AI boom shifts capacity

DBS analyst Jim Hin Kwong Au has maintained a Buy rating for Semiconductor Manufacturing International (0981) with a price target of HK$87.40. The analyst, known for a 30.1% average return and 69.23% success rate, is part of a Strong Buy consensus for the stock, which has an average price target of HK$89.65.

- A report from Jim Hin Kwong Au at DBS maintains a Buy rating on Semiconductor Manufacturing International with a price target of HK$87.40.  
- Au is a 5-star analyst with an average return of 30.1% and a 69.23% success rate, focusing on the Technology sector.  
- The general analyst consensus for Semiconductor Manufacturing International indicates a Strong Buy rating with an average price target of HK$89.65.

Micron Tech

BYD ELECTRONIC

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New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant

M Stanley rated SMICas Overweight, citing strong 2Q guidance with expected revenue growth of 14% to 16% QoQ. 1Q revenue was USD2.51 billion, up 1% QoQ and 11% YoY, with a gross margin of 20.1%. Net profit was USD197 million, up 14% QoQ but below expectations due to reduced subsidies. The broker highlights SMIC's role in China's AI GPU supply chain and maintains a target price of HKD70.

M Stanley: SMIC  2Q Guidance Strong, Rated Overweight

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BNP Paribas has rated SMICas Outperform, citing strong 1Q results and an optimistic 2Q revenue outlook driven by higher ASP and shipment volumes in consumer and IoT sectors. The report highlights SMIC's unique capability to support Huawei's Ascend 950 PR AI chip, predicting a revenue CAGR of 19% and earnings CAGR of 42% from 2026 to 2028, with a target price of HKD86.

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BNP Paribas

BNP Paribas Rates SMIC  Outperform; Primary Engine to Power CN AI Ambition

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China has launched the LineShine supercomputer at the National Supercomputing Center in Shenzhen, featuring 2.45 million domestic CPU cores and delivering up to 1.54 exaFLOPS. Unlike typical supercomputers that rely on GPUs, LineShine uses Armv9-based LX2 processors for general computing, comprising 20,480 nodes connected by a high-speed network.

TechNode

Tianhong CSI Computer Theme ETF

Guotai CSI Computer Theme ETF

China unveils GPU-free LineShine supercomputer with 2.45 million domestic CPU cores

A compilation of investment ratings and target prices from 8 brokers on SMICshows varied opinions. CLSA and BNP Paribas rate it as Outperform, citing strong Q1 results and AI-driven demand. HSBC and Goldman Sachs recommend Buy, highlighting optimistic revenue outlooks. Citi shifts from Neutral to Buy, while Nomura remains Neutral. Morgan Stanley is Overweight, noting high capacity utilization. JP Morgan downgrades to Underweight, cautioning on potential consumer demand risks.

ChinaAMC Guozheng Semiconductor Chip ETF(159995.SZ)

SMIC : More Optimistic on Overall Operations This Year; AI Drives Power Management Chip Capacity into Short Supply

Semiconductor Manufacturing International (0981): New Buy Recommendation for This Technology Giant

Buy this China chip stock, Citi says

JPM Upgrades SMIC to Neutral, Raises TP to HKD67

SMIC sees foreign orders rise as AI boom shifts capacity

New Buy Rating for Semiconductor Manufacturing International (0981), the Technology Giant

M Stanley: SMIC 2Q Guidance Strong, Rated Overweight

BNP Paribas Rates SMIC Outperform; Primary Engine to Power CN AI Ambition

China unveils GPU-free LineShine supercomputer with 2.45 million domestic CPU cores

Summary of Latest Ratings, TP, Views on SMIC from Brokers