On June 10, SMIC rose 3.13% in regular trading, trading at HK$75.85 per share, with trading volume of HK$2.174 billion. The rebound follows a recent sharp correction driven by National IC Fund stake reductions and heavy southbound capital outflows.

On the news front, Everbright Securities International published a research report assigning SMIC a Buy rating with a target price of HK$90, recommending investors enter at HK$81.5 with a stop-loss at HK$75. The brokerage highlighted that SMIC, as mainland China's largest and most technologically advanced foundry, is the primary beneficiary of the domestic semiconductor supply chain localization trend. The report noted that amid tightened U.S. export controls on advanced-node chips, domestic fabless design houses are accelerating order transfers to SMIC to secure supply chain safety.

Everbright further noted that rapid AI development is driving surging demand for semiconductors and memory, keeping SMIC's orders fully loaded and capacity utilization elevated. The firm's strategic shift toward AI-related product lines, leveraging its mature-node and specialty process capabilities, is expected to boost ASPs and improve gross margins.

(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.)