On May 28, SMIC rose 3.17% in regular trading, trading at HK$88.8 per share with turnover of approximately HK$2.099 billion, extending gains driven by the broader semiconductor sector rally.

The continued upward momentum follows Huawei's landmark announcement of the Tao (τ) Law on May 25 at the IEEE International Symposium on Circuits and Systems in Shanghai. The new principle proposes replacing traditional geometric scaling with time scaling, using logic folding technology to compress signal propagation delays and boost transistor density without relying on cutting-edge lithography. Huawei disclosed it has designed and mass-produced 381 chips based on this principle over the past six years, with projections that by 2031, chip transistor density could match 1.4nm-equivalent performance levels.

Additionally, SMIC recently received CSRC approval for its share issuance to acquire a 49% stake in SMIC North, consolidating its manufacturing capacity expansion. Analyst upgrades citing strong AI-driven demand for power management chips and supply-demand tightness have further supported sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)