Huatai-PB SSE Science and Technology Innovation Board 50 ETF

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.

JPMorgan Chase Increases Stake in Montage Technology by HK$12.02 Million on May 14

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

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

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

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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On May 19th, semiconductor equipment and CPU stocks surged significantly, with Cambricon rising 8.40% and AMEC increasing 9.29%. Several equipment stocks reached new highs since their listing, and the semiconductor equipment ETF China Merchants rose 6.06%. Yangtze Memory Technologies released its IPO guidance report, and Changxin Technology updated its prospectus, expecting the global semiconductor equipment market to continue growing until 2029. Driven by AI, the storage industry has entered a phase of expansion and technological upgrades, and the CPU market is also developing rapidly

同壁财经

AMEC

Cambricon

China Merchants CSI Semiconductor Industry ETF

Guotai CES Semiconductor Chip Industry ETF

China Southern CSI Semiconductor Industry Custom ETF

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

LION

Skyverse

GRITEK

CMSC

Hygon Information Technology

Cambricon surged 8%, AMEC stock price reached a new high, why did CPU and semiconductor equipment rise today?

000688

科创综指

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The STAR Market has risen 78.98% in the past year, gathering 609 hard technology companies, with a total market value exceeding 13 trillion yuan. In 2025, revenue is expected to be nearly 1.6 trillion yuan, with a net profit exceeding 58.6 billion yuan. In the first quarter of 2026, revenue is projected to be 385.3 billion yuan, with a net profit attributable to the parent company of 23.4 billion yuan, a year-on-year increase of nearly 200%. The "1+6" system of the STAR Market promotes the development of technology companies, focusing on fields such as artificial intelligence and commercial aerospace, showcasing the innovative vitality and development potential of hard technology enterprises

STAR 50

E Fund China Science and Technology Innovation Board 50 Component ETF

Huatai-PB SSE Science and Technology Innovation Board Composite ETF

ChinaAMC SSE Science and Technology Innovation Board 50 ETF

ChinaAMC SSE Science and Technology Innovation Board Composite ETF

ChinaAMC CSI Biotechnology Theme ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

China Merchants CSI Biotechnology Theme ETF

E Fund CSI Biotechnology Theme ETF

Guotai CSI Semiconductor Material Equipment Theme ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

TF SECURITIES

CCB Principal SSE Science and Technology Innovation Board Composite ETF

The STAR Market's performance has exploded, with net profit increasing by nearly 200% in the first quarter, gathering integrated circuits, biomedicine, and high-end equipment. The STAR Composite Index has risen by 78.98% in nearly one year

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

CCTech

Piotech

NAURA

SMIC

HUA HONG SEMI

Hua Hong

CICC

HTSC

Guotai Haitong

GTHT

SMIC HK SDR 5to1

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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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

ChinaAMC Guozheng Semiconductor Chip ETF

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

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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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.

XI2CSOPHSTECH

Micron Tech

BYD ELECTRONIC

ASMPT

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

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.

AASTOCKS News

BNP Paribas

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

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Shanghai and Shenzhen markets opened lower, with indices down 0.5% to 0.9%. Investors are awaiting a meeting between Chinese and US leaders. The RMB central parity against the USD was set at 6.8431, down 5 bps MoM. The People's Bank of China conducted RMB500 million of reverse repos, resulting in a net liquidity withdrawal of RMB25.5 billion. Chip-related stocks faced pressure, with SMIC and HUA HONG down 2.4% and 1.6%, respectively. Other notable declines included domestic GPU makers and optical fibre manufacturers.

SSE Index

Shenzhen Index

ChiNext

ICBC

BYD COMPANY

CATL

MetaX

Moore Threads

Montage Technology

YOFC

BYD HK SDR 10to1

BYD Company

BYD Company Limited

BYD COMPANY-R

CATL HK SDR 30to1

MONTAGE TECH

Shanghai & Shenzhen Markets Open 0.5%0.9% Lower; Chip-Related Stocks Weak

TCTZF

Southbound funds recorded a significant net purchase of 13.168 billion yuan today. In the Shanghai-Hong Kong Stock Connect, Semiconductor Manufacturing International Corporation (SMIC) and Tencent Holdings saw net purchases of 932 million HKD and 510 million HKD, respectively. Xiaomi Group-W had the highest net sale at 364 million HKD. In the Shenzhen-Hong Kong Stock Connect, Kuaishou Technology-W and Tracker Fund of Hong Kong recorded net purchases of 1.584 billion HKD and 966 million HKD, while SMIC had the highest net sale of 666 million HKD.

CoinLive

Tencent Holdings Limited

SPDR S&P Semicon

VanEck Semiconductor ETF

iShares Semiconductor ETF

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

TENCENT

Tencent

XIAOMI-W

Xiaomi Corporation

KUAISHOU-W

TRACKER FUND

TENCENT-R

Tencent HK SDR 10to1

XIAOMI-WR

Xiaomi HK SDR 2to1

KUAISHOU-WR

STOCKS | Southbound Funds Record Significant Net Purchase of 13.168 Billion Yuan

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Montage Technology has surpassed Contemporary Amperex Technology (CATL) as the most expensive dual-listed stock in Hong Kong, driven by a 17% surge in its shares due to rising demand for AI chips. Montage's shares now trade at a 40% premium over its Shanghai-listed stock. Since its debut in February, its mainland stock has increased by 22%, while H-shares have tripled. Meanwhile, CATL's premium has decreased to 26% following a US$5 billion share sale, marking a shift in market dynamics.

Businesstimes News

First Trust Nasdaq Food & Semicon

GIGADEVICE

Montage tops CATL as priciest dual-listed stock after chip rally

Huatai-PB SSE Science and Technology Innovation Board 50 ETF(588090.SH)