On June 22, SMIC rose 3.01% in regular trading, trading at 81.4 HKD/share, with turnover of 4.669 billion HKD.

On the news front, the semiconductor sector rallied broadly, with peers Innoscience up 11.88%, GigaDevice up 8.20%, and Montage Technology up 5.82%, demonstrating significant sector linkage. At the company level, SMIC recently disclosed on its investor relations platform that it possesses years of mass production experience in specialty storage segments including NOR and NAND flash. With the storage industry in an upcycle and capacity in tight supply, the company has begun deploying additional capacity to enhance flexibility. As of Q1 end, monthly capacity stood at 1,078,250 wafers (8-inch equivalent), with plans to add approximately 40,000 12-inch wafer equivalents by year-end.

Additionally, SMIC has completed the acquisition of the remaining 49% stake in SMIC North, making it a wholly-owned subsidiary. Everbright Securities International maintains a Buy rating with a target price of 90 HKD, citing the company's strategic position as a core beneficiary of domestic semiconductor substitution.

(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.)