SMIC saw its shares soar 5.06% during the intraday trading session, as the semiconductor sector broadly rallied on renewed optimism surrounding the global equipment spending upcycle.

The surge was fueled by multiple confirmations of a semiconductor equipment boom. The industry association SEMI forecast that global semiconductor manufacturing equipment sales will hit a record $165.9 billion, up 23.2% year-over-year. TSMC raised its full-year capital expenditure guidance by approximately $8 billion, while ASML reported results that comprehensively exceeded market expectations. Additionally, a historically rare full-chain price increase wave for semiconductor equipment components has reinforced the volume-and-price-uplift thesis, driving a valuation recovery across the foundry sector.

The broader semiconductor sector also saw strong gains, with stocks such as ILUVATAR COREX, HUA HONG GRACE, and GIGADEVICE posting notable advances, reflecting the overall positive sentiment in the industry.