On July 9, SMIC rose 3.36% in regular trading, trading at HK$77.6 per share, with turnover of HK$439 million.

On the news front, the chip sector is extending its recovery rally after a sharp multi-day selloff driven by market fears of computing power overcapacity. SMIC's Hong Kong-listed shares had accumulated a decline exceeding 15% since July 2. The initial panic was triggered by reports that Meta planned to lease idle AI computing resources to external clients, which the market interpreted as a signal of industry-wide overcapacity. However, analysts have noted that Meta's situation reflects its own model capability shortcomings and redundant capacity build-out, representing an isolated case rather than a systemic industry glut.

SMIC is China's leading integrated circuit foundry, primarily engaged in the manufacturing, testing, and provision of technology services for silicon and compound semiconductor wafers, serving both domestic and international clients.

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