ChinaAMC Guozheng Semiconductor Chip ETF

Hygon Information Unveils World's First Post-Quantum Cryptography Smooth Migration Solution

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

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

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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

SMIC announces Q1 2026 financial results with an 11.5% year-over-year revenue increase

SMIC's 40.6 billion yuan acquisition is finalized, expected to increase company profits.

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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

SMIC

Guotai CSI Semiconductor Material Equipment Theme ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Morgan Stanley

SMIC HK SDR 5to1

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

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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

ICBCCS CNI HK Connect Technology ETF

Hwabao WP CSI HK Connect Information Technology Composite ETF

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

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.

AASTOCKS News

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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

ASMPT

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

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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 CES Semiconductor Chip Industry ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

Guotai CSI Computer Theme ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

China Southern CSI Semiconductor Industry Custom 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.

HSBC HOLDINGS

HSBC

BNP Paribas

Goldman Sachs

Nomura Holdings, Inc.

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HSBC Holdings Plc

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

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Asian markets showed mixed results, with Singapore's Straits Times Index reaching a record high. Indonesia and South Korea's indices fell over 3%, lagging behind the region. Semiconductor shares faced pressure, particularly in Taiwan and Japan. The Reserve Bank of Australia paused future rate hikes amid economic concerns related to the Iran conflict. Overall, major indices fluctuated, with some markets like India's Nifty 50 and Australia's S&P/ASX 200 gaining, while others like Indonesia's IDX continued to decline.

iShares Semiconductor ETF

SPDR S&P Semicon

Guotai CSI All Share Integrated Circuit ETF

E Fund CSI Semiconductor Material & Equipment Thematic ETF

China Merchants CSI Semiconductor Industry ETF

Direxion Semicon Bull 3X

Harvest SSE STAR Chip ETF

VanEck Vectors Semiconductor UCITS ETF Accum A USD

Harvest CSI All Share Integrated Circuit ETF

VanEck Semiconductor ETF

Asian Markets Mixed; Singapore Hits Record High; Indonesia, S Korea Indices Each Slide Over 3% to Lag Region; Regional Semiconductor Shares Under Pressure

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The Semiconductor Equipment ETF China Merchants (561980) surged 6.06% on May 19, reaching a new high for the 17th time this year. Key stocks such as AMEC and Cambricon performed outstandingly, rising 9.29% and 8.40%, respectively. The fund's size has grown by 37.36% this year to approximately 3.5 billion yuan, influenced by multiple favorable factors including policy support, improved performance of leading companies, and a recovery in downstream demand. The market anticipates that a new round of industrial support policies will be introduced soon

同壁财经

AMEC

Cambricon

CCTech

Piotech

NAURA

HUA HONG SEMI

Hua Hong

CICC

HTSC

Guotai Haitong

GTHT

Huatai Securities Co., Ltd. GDR Class A RegS

The 17th new high of the year! The semiconductor equipment ETF China Merchants (561980) surged 6% to dominate both markets! AMEC rose nearly 10%!

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According to PANews, a comprehensive 97-page report by Bernstein has identified connectivity in AI data centers as the new bottleneck, replacing computing power. The report suggests that copper and optical interconnections will coexist in the long term. While the direction for Co-Packaged Optics (CPO) is clear, large-scale deployment is not expected until after 2028. More certain performance in 2026 is anticipated in areas such as Printed Circuit Boards (PCB), Ajinomoto Build-up Film (ABF), and Low Power Optics/Non-Power Optics (LPO/NPO).

ChinaAMC Guozheng Semiconductor Chip ETF(159995.SZ)

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