On October 6th, Hong Kong semiconductor stocks experienced a pullback, with INNOSCIENCE declining over 5%. SMIC and Shanghai Fudan dropped more than 3%, while Solomon Systech and Honlite Semiconductor fell over 1%.

On the news front, Goldman Sachs raised target prices for both SMIC and Hua Hong Semiconductor's Hong Kong shares, citing opportunities for semiconductors from China's expanding AI ecosystem. The investment bank upgraded both companies' target prices to HK$117, up from previous targets of HK$95 for SMIC and HK$87 for Hua Hong Semiconductor.

Analysts including Allen Chang stated in their report: "With the development of domestic AI solutions, from models to semiconductors, we expect SMIC and Hua Hong Semiconductor to become China's leading foundries and benefit in the long term."