HS#SMIC RP2811G

SMIC North Industrial Change: National Fund Exits, SMIC Becomes Shareholder

SMIC Completes Acquisition of 49% Stake in SMIC Northern, Making It a Wholly-Owned Subsidiary

SMIC Wind ESG Rating Maintains at A, Comprehensive Score Rises to 7.79, Ranking Top 13% in Industry

Guohai Securities Releases Report: SMIC Q1 2026 Results Exceed Expectations, Maintains Buy Rating and Upgrades Earnings Forecast

Everbright Securities International Recommends Buying SMIC with Target Price of HKD 90

Big Fund Reduces SMIC Stake by 7 Million Shares, Raising Approx 607 Million HKD

SMIC Approved to Issue Shares to Acquire 49% Stake in SMIC Northern

HK Stocks Close Down 0.6% on Wednesday, SMIC Rises Over 9%, Henderson Land Recommended with Target Price $35.5

CSC Financial: AI and Domestic Substitution Drive SMIC Performance, Maintain Buy Rating

Huaxing Securities Resumes Tracking of SMIC A-Shares with Buy Rating

Shanghai Electronic Materials International Supply Chain Center Established on May 20, Co-owned by SMIC and Hua Hong Group

Chinese semiconductor stocks rise on reports of potential strike at Samsung Electronics

CICC Begins Market Making Services for SMIC

SMIC discloses two new deployments in the advanced packaging field.

SMIC states that the specialty memory market is facing tight supply, and the company's related production capacity is steadily advancing with its share increasing each quarter.

SMIC States Significant Production Demand for Phones and PCs Will Return

US-China summit yields no chip deal, China may replace Nvidia with domestic chips

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

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

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

EDICO HOLDINGS

PARADISE ENT

FUTONG TECH

AUTO ITALIA

KNOWLEDGE ATLAS

ZIJING INTL FIN

SMC ELECTRIC

MICROWARE

ETHK LABS INC.

ZHONG JU INVEST

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688347

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Shanghai and Shenzhen A-shares opened higher, with the Shanghai Composite up 0.55%, Shenzhen Component up 1.27%, and ChiNext up 1.72%. Chip stocks surged, led by SMIC and Hua Hong Grace. Shipping stocks hit limit-up due to a US-Iran peace agreement ensuring open Strait of Hormuz transit. Macro data showed May new RMB loans at 9.11 trillion yuan and M2 growth at 8.6% YoY. The PBOC injected net 206.5 billion yuan via reverse repos.

- A US-Iran memorandum of understanding will be signed in Switzerland on Friday (19th), coinciding with China's new RMB loans reaching RMB 9.11 trillion in the first five months of the year.  
- The People's Bank of China announced an increase in the RMB central parity against the USD and conducted a net injection of RMB 206.5 billion through reverse repos.  
- Major A-share indices opened higher, particularly in the shipping and chip sectors, while various banking stocks exhibited mixed performances.

AASTOCKS News

ChiNext

SMIC

Hua Hong Grace

HUA HONG GRACE

Shenzhen Index

E Fund GEM ETF

Huaan SZSE ChiNext Composite 50 ETF

Shanghai and Shenzhen A-Shares Open 0.6% to 1.7% Higher; Shipping Stocks Surge

Huawei's He Tingbo unveiled the 'Tau Scaling Law' at an IEEE symposium, claiming it enables transistor densities equivalent to 1.4nm processes by 2031 without EUV lithography. This approach redefines advancement via signal propagation time rather than physical size, utilizing 'LogicFolding' architecture that integrates design and packaging innovations. While experts note the underlying physics are not entirely new, Huawei aims to bypass US sanctions through these design breakthroughs, following previous successes with SMIC's 7nm manufacturing.

- He Tingbo, head of Huawei’s semiconductor business, recently unveiled the "Tau Scaling Law" at the IEEE Symposium, promising transistor densities comparable to 1.4-nanometre technology by 2031 without advanced EUV lithography.  
- This announcement raises questions about Huawei's potential to achieve self-reliance in semiconductors amid U.S. sanctions, with mixed reactions from analysts regarding its practical implications and challenges.  
- As analysts note the hurdles in translating the theoretical framework into commercial success, the industry anticipates the first practical applications of LogicFolding in upcoming Kirin processors.

SCMP

Intel

Taiwan Semiconductor

Can Huawei’s ‘chip queen’ help China beat the US tech blockade?

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STECH

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The Hang Seng Index rose 468 points (1.9%) to close at 24,718, while the Hang Seng Tech Index gained 49 points (1.1%). Market turnover reached HK$316.44 billion. Major gainers included Chow Tai Fook (+15.2%), CMOC (+12.2%), and Zijin Mining (+7.9%). Bank of Communications and Bank of China hit new highs. Conversely, Haizhi Tech GP fell 15.5%.

ZIJIN MINING

Hang Seng TECH Index

CHOW TAI FOOK

Hang Seng Index

Bank Of Communications

CMOC

Bank of China

BANKCOMM

Zijin Mining

BANK OF CHINA

Bank Of China

ISHARESHSI

HSTECH ETF

CSOP HS TECH

ISHARESHSTECH

XL2CSOPHSTECH

XI2CSOPHSTECH

TRACKER FUND

FL2 CSOP HSI

FI CSOP HSI

FI2 CSOP HSI

HSI Up 468 pts; HSTI Up 49 pts; CHOW TAI FOOK Up over 15%; BANKCOMM, BANK OF CHINA Hit New Highs; Market Turnover Rises

AAGIY

01299

Hong Kong's Hang Seng Index dropped 1.2% to 24,105, hitting an 11-month low amid Middle East tensions. US strikes on Iran and halted Strait of Hormuz traffic fueled energy supply fears. While most sectors fell, Tencent, AIA, and SMIC posted gains.

- The Hang Seng Index dropped 300 points, or 1.2%, to 24,105, marking its lowest level since July 2025 amidst Middle East tensions.  
- Cautious sentiment persisted after the US targeted multiple locations in Iran, while Iran suspended vessel traffic through the Strait of Hormuz, heightening concerns over global energy supply disruptions.  
- Despite declines in most sectors, gains in major stocks like Tencent, AIA, and SMIC partially mitigated the overall market losses.

Trading Economics

AIA Group

HSCEI ETF

LENOVO GROUP

HKEX

XIAOMI-W

TENCENT

LENOVO GROUP-R

Lenovo Group

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

AIA-R

SMIC HK SDR 5to1

Hong Kong Stocks Hit 11-Month Low

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Shanghai and Shenzhen A-share indices fell 0.4% to 2.7%, with the Shanghai Composite closing below 4,000 points. Amid escalating US-Iran tensions, banks and insurers bucked the trend; ICBC rose nearly 2%, while China Life surged over 4%. Conversely, chip stocks declined broadly, including SMIC and Cambricon. BYD dropped 1.7% regarding military list inclusion, and Yangtze Optical Fibre tumbled 6.5%. Meanwhile, PBOC injected RMB159 billion via reverse repos, and May CPI/PPI data were released.

- Tensions in Iran increased after the US accused Iran of downing a helicopter, leading to US military strikes.  
- In China's financial markets, the RMB strengthened against the USD, with the central parity set at 6.8130, and the People's Bank conducted significant reverse repos, while Mainland China's May CPI rose 1.2% YoY, slightly below expectations.  
- A-share indices closed lower, with the Shanghai Composite Index at 3,993, as banking stocks performed well amidst declining chip stocks and significant losses in optical fiber and memory chip sectors.

CHINA LIFE

YOFC

ICBC

Cambricon

China Life

INDUSTRIAL & COMMERCIAL BK OF CHINA UNSP ADR EACH REPR 20 ORD SHS

SSE Index

CPIC

BYD COMPANY

CATL

MetaX

Moore Threads

Montage Technology

GIGADEVICE

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

MONTAGE TECH

Shanghai & Shenzhen A-shares Indices Fall 0.4% to 2.7% for the Day; Banks and Insurers Buck Trend, CHINA LIFE  Up Over 4%

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UBS reports China plans a RMB2 trillion (USD295 billion) five-year investment in domestic AI infrastructure, led by the NDRC. This initiative aims to boost AI capabilities and reduce reliance on US technology. Beneficiaries include telecom operators like China Mobile and Telecom, as well as semiconductor firms such as SMIC, Hua Hong Grace, Montage Tech, and equipment suppliers like NAURA and AMEC.

- China plans to invest approximately RMB2 trillion (around USD295 billion) over five years to develop data centers, focusing on enhancing AI capabilities and competing with the US.  
- The initiative, led by the National Development and Reform Commission, will involve participation from companies like CHINA MOBILE, CHINA TELECOM, and domestic chip suppliers such as Huawei.  
- UBS anticipates that semiconductor companies and equipment suppliers will benefit from this expansion, with a focus on AI-related technologies and increased production capacity.

CHINA MOBILE

CHINA TELECOM

NAURA

AMEC

China Mobile

UBS Group AG

ACMSH

JCET

CCTech

Accotest

CN Mobile HK SDR 5to1

CHINA MOBILE-R

UBS: CN Said to Launch RMB2T AI Infra Plan; SMIC, HUA HONG GRACE to Benefit

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LENOVO GROUP(00992) rose 21.95%, with a trading turnover 17.4 Billion HKD, and a year-to-date rose 159.2%. BIREN TECH(06082) rose 14.67%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 215.1%. MONTAGE TECH(06809) fell 12.82%, with a trading turnover 3.6 Billion HKD, and a year-to-date rose 274.2%. OMNIVISION(00501) fell 8.45%, with a trading turnover 147.3 Million HKD, and a year-to-date fell 19.8%.

- The Hang Seng Index rose by 0.7%, with an annual decline of 1.7%, while the Hang Seng Tech Index fell by 0.09% and is down 11.5% year-to-date.  
- Lenovo Group increased by 21.95%, achieving a trading volume of HKD 17.44 billion and an annual gain of 159.2%.  
- Meanwhile, Wallen Technology rose by 14.67% with a trading volume of HKD 1.69 billion, whereas Lanqi Technology fell by 12.82%, despite a year-to-date increase of 274.2%.

Top Gainers&Losers

BIREN TECH

INNOVENT BIO

CTG DUTY-FREE

OMNIVISION

ILUVATAR COREX

Top 5 HK Stock Gainers/Losers (>100B) (5.29)

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China's semiconductor exports doubled to a record $31 billion in April, driven by surging AI demand and U.S. export restrictions. This marks a 100% year-over-year increase and a tripling over the past two years. Sales of laptops and tablets also rose significantly. Major Chinese chipmakers are ramping up production of advanced semiconductors to meet this demand, as U.S. curbs push them to seek local alternatives.

- China’s chip exports surged by 100% year-over-year in April, reaching a record $31 billion, driven by significant overseas sales increases.  
- This growth comes amid U.S. export curbs and has prompted local companies to expand advanced semiconductor production to meet rising AI demand.  
- Estimates indicate that semiconductors and AI products contributed to half of China’s overall export growth, which rose 14% to $359 billion last month.

benzinga_article

OmniVision Group

E Fund CSI Semiconductor Material & Equipment Thematic ETF

Harvest SSE STAR Chip ETF

ChinaAMC Guozheng Semiconductor Chip ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

Harvest CSI All Share Integrated Circuit ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Guotai CES Semiconductor Chip Industry ETF

GF Fund CSI Semiconductor Material Equipment Theme ETF

ChinaAMC CSI Semiconductor Material & Equipment Thematic ETF

Guotai CSI All Share Integrated Circuit ETF

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

China Merchants CSI Semiconductor Industry ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Goldman Sachs

Nomura

Nomura Holdings, Inc.

NVIDIA

Apple

ASML

GS Hldg R

NVIDIA Corporation

China's Chip Exports Double To $31 Billion As US Restrictions Fuel AI Demand

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GIGADEVICE(03986) rose 17.03%, with a trading turnover 2.8 Billion HKD, and a year-to-date rose 337.2%. HUA HONG SEMI(01347) rose 13.89%, with a trading turnover 7.5 Billion HKD, and a year-to-date rose 78.7%. MINIMAX-W(00100) fell 7.47%, with a trading turnover 834.9 Million HKD, and a year-to-date rose 316.4%. VGT(02476) fell 5.39%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 67.3%.

Top 5 HK Stock Gainers/Losers (>100B) (5.20)

HS#SMIC RP2811G(56179.HK)