On June 15, SMIC rose 3.21% in regular trading, trading at HK$76.5/share, with turnover of HK$2.673 billion.
On the news front, Hong Kong-listed semiconductor stocks rallied broadly, with HUA HONG SEMI surging over 10% and INNOSCIENCE gaining over 11%, lifting the sector and driving SMIC higher. Additionally, the company announced on June 12 that the share-based acquisition of the remaining 49% stake in SMIC North has been formally completed, making SMIC North a wholly-owned subsidiary. Everbright Securities International previously issued a buy rating on SMIC with a target price of HK$90, citing the company as a core beneficiary of domestic chip substitution, with AI-driven demand pushing orders to full capacity and high utilization rates supporting margin improvement.
SMIC is an investment holding company principally engaged in integrated circuit wafer foundry services, providing wafer manufacturing, testing, design services, IP support, and photomask fabrication to domestic and international clients.
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