On July 6, SMIC rose 3.16% in regular trading, trading at HKD 80.2/share, with turnover of HKD 628 million. The stock rebounded from heavy selling pressure last week when it declined over 10% on July 2 amid a broad semiconductor sector rout.

On the news front, Huawei semiconductor head He Tingbo published the V2 version of the Tao Law paper on July 3 via the Chinese Academy of Sciences ChinaXiv platform, titled Theory of Temporal Scaling for Multi-Level Electronic Systems. The upgraded paper supplements extensive engineering implementation details, real production measurement data from the Kirin 2026 chip, and a complete product roadmap through 2029. The paper validates LogicFolding technology achieving a 53.5% increase in transistor density without relying on EUV lithography, with performance equivalent to advanced 3nm nodes using mature process nodes.

SMIC is identified as the core manufacturing platform for Huawei's Tao Law-based chips. Industry analysts note the paper transforms SMIC's valuation logic from a process-catching-up narrative to a mature-process-plus-system-innovation paradigm, with direct order upside from Kirin chip mass production expected in autumn.

(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.)