ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

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Shareholders of Tianyue Advanced Plan to Reduce Shares by 10,661,600

NSIG released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 1.084 B (forecast CNY 1.285 B), actual EPS CNY -0.146 (forecast CNY 0.04)

KINGSEMI released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 330.59 M, actual EPS CNY 0.02

Guangdong Province Releases 15th Five-Year Industry Plan

Anji Technology released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 723.93 M (forecast CNY 723.93 M), actual EPS CNY 1.23 (forecast CNY 1.15)

Accotest released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 271.81 M (forecast CNY 327.51 M), actual EPS CNY 0.69 (forecast CNY 0.9793)

Skyverse released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 396.02 M, actual EPS CNY -0.21

SICC released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue CNY 365.5 M (forecast CNY 413.5 M), actual EPS CNY -0.13 (forecast CNY -0.06)

ACMSH released FY2026 Q1 earnings on April 27 After-Market (BJT), actual revenue CNY 1.476 B (forecast CNY 1.576 B), actual EPS CNY 0.21 (forecast CNY 0.5783)

AMEC released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue CNY 2.915 B (forecast CNY 3.144 B), actual EPS CNY 1.47 (forecast CNY 0.8962)

Piotech released FY2026 Q1 earnings on April 27 During-Market (BJT), actual revenue CNY 1.112 B (forecast CNY 1.061 B), actual EPS CNY 2

KINGSEMI to Release FY2026 Q1 Earnings on April 30 After-Market (BJT)

NSIG to Release FY2026 Q1 Earnings on April 30 During-Market (BJT), Forecast Revenue CNY 1.285 B, EPS CNY 0.04

Skyverse to Release FY2026 Q1 Earnings on April 29 After-Market (BJT)

Accotest to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 327.51 M, EPS CNY 0.9793

Anji Technology to Release FY2026 Q1 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 740.72 M, EPS CNY 1.5

HWATSING released FY2026 Q1 earnings on April 22 During-Market (BJT), actual revenue CNY 1.201 B (forecast CNY 1.173 B), actual EPS CNY 0.7 (forecast CNY 0.96)

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CICC has raised HUA HONG SEMI's target price to HKD146, reflecting a 33% increase, driven by optimism in computing power trends and memory upcycle. The company's 1Q26 results met expectations, with a gross margin of 13% and high capacity utilization at 99.7%. Revenue forecasts for 2026 and 2027 have been increased by 2% and 3%, respectively, alongside profit forecasts rising by 14% and 32%. CICC maintains an Outperform rating.

AASTOCKS News

HUA HONG SEMI

Guotai CSI All Share Integrated Circuit ETF

First Trust Nasdaq Food & Semicon

Guotai CSI Semiconductor Material Equipment Theme ETF

CICC

Hua Hong

CICC Raises HUA HONG SEMI  TP to HKD146, Bullish on Computing-Power and Power Synergy Trend and Memory Upcycle

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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.

Hwabao WP CSI HK Connect Information Technology Composite ETF

ICBCCS CNI HK Connect Technology ETF

ChinaAMC Guozheng Semiconductor Chip ETF

SMIC

SMIC HK SDR 5to1

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

00981

688981

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

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

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

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

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

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

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Buy this China chip stock, Citi says

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BOCOM International has raised its target price for HUA HONG SEMI to HKD145, citing improved revenue and gross margin forecasts. The company expects 2Q26 revenue between USD690M and USD700M, with a gross margin of 14%-16%. The report highlights potential price increases for NOR Flash and a significant investment in the 9B fab, which is projected to enhance capacity and ASP growth. BOCOM maintains a Buy rating, anticipating revenue of USD3.51B and USD3.96B for 2027 and 2028, respectively.

Ping An CSI Consumer Electronic Theme ETF

BOCOM International Raises HUA HONG SEMI  TP to HKD145, Lifts Revenue and Gross Margin Forecasts

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China's CXMT anticipates first-half revenue of 110-120 billion yuan ($17.62 billion) due to rising memory chip prices driven by AI demand. The company expects a net profit of up to 57 billion yuan, with Q1 revenue soaring over 700% year-on-year to 50.8 billion yuan. CXMT's IPO is closely monitored as a sign of China's advancements in DRAM technology.

Fidelity

iShares Semiconductor ETF

Guotai CES Semiconductor Chip Industry ETF

GTJA Allianz SSE STAR Chip Design Thematic ETF

SPDR S&P Semicon

China Southern CSI Semiconductor Industry Custom ETF

GTJA Allianz CSI All Share Semiconductors & Semiconductor Equipment ETF

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

VanEck Semiconductor ETF

China's CXMT expects revenue to surge as memory chip demand soars

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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.

XI2CSOPHSTECH

JPMorgan Chase

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

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JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

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

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Daiwa has reiterated a Buy rating on HUA HONG SEMIafter the company reported a net profit of USD21 million in 1Q26, a 4.6x YoY increase. Revenue rose 22% YoY to USD661 million, driven by increased shipments and average selling prices. Management expects 2Q26 revenue of USD690-700 million and gross margin of 14-16%. The report highlights a global shortage in silicon photonics chip supply and mentions the upcoming completion of the Fab5 acquisition in 2H26, which may lead to more M&A activities in 2027.

Daiwa Securities Group Inc.

Daiwa Reiterates Buy on HUA HONG SEMI  as 1Q26 Profit Meets Expectations

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

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF(588170.SH)

CICC Raises HUA HONG SEMI TP to HKD146, Bullish on Computing-Power and Power Synergy Trend and Memory Upcycle

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

BOCOM International Raises HUA HONG SEMI TP to HKD145, Lifts Revenue and Gross Margin Forecasts