Movement Alert|SMIC Rises 3.5% in Regular Trading, Semiconductor Sector Rallies on AI Expansion Wave and TSMC Price Hikes

Market Focus
Jun 29

On June 29, SMIC rose 3.5% in regular trading, trading at 82.1 HKD/share, with turnover of 2.064 billion HKD. The semiconductor sector saw broad-based strength, with AI computing power expansion and upstream pricing tailwinds driving collective gains.

On the news front, TSMC has notified customers of a 5% to 10% price increase across all advanced nodes at 7nm and below, covering approximately 75% of its wafer revenue. The AI-driven semiconductor expansion cycle has lifted equipment and materials into a high-prosperity phase. Within the sector, HUA HONG GRACE rose 6.7%, GIGADEVICE rose 8.22%, and MONTAGE TECH rose 7.77%, reflecting strong sector-wide momentum.

Additionally, SMIC recently completed its 40.6 billion yuan share issuance to acquire the remaining 49% stake in SMIC North, making it a wholly-owned subsidiary. This capacity integration further consolidates SMICs position as Chinas largest foundry, enhancing its competitive edge amid surging domestic chip manufacturing demand.

(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.)

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