Stock Track | SMIC Soars 5.01% Intraday on Storage Capacity Expansion and Semiconductor Sector Strength

Stock Track

Jun 23

SMIC's stock price soared 5.01% during intraday trading on Tuesday, marking a significant upward movement for the semiconductor manufacturer.

The surge aligns with a continued rally in the semiconductor sector. SMIC is benefiting from a storage industry upcycle characterized by overall capacity shortage, prompting the company to deploy additional capacity to increase flexibility. The company has also recently completed the acquisition of the remaining stake in SMIC North, making it a wholly-owned subsidiary. Analyst sentiment remains positive, with Everbright Securities International maintaining a Buy rating and a target price of HKD 90, citing SMIC's position as a core beneficiary of domestic chip substitution.

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SMIC is benefiting from a storage industry upcycle characterized by overall capacity shortage, prompting the company to deploy additional capacity to increase flexibility. The company has also recently completed the acquisition of the remaining stake in SMIC North, making it a wholly-owned subsidiary. Analyst sentiment remains positive, with Everbright Securities International maintaining a Buy rating and a target price of HKD 90, citing SMIC's position as a core beneficiary of domestic chip substitution.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00981","symbol_name":"中芯国际","start_time":0,"source_url":"","article_id":"1163852391","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163852391","pubTimestamp":1782182140,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"SMIC's stock price soared 5.01% during intraday trading on Tuesday, marking a significant upward movement for the semiconductor manufacturer.The surge aligns with a continued rally in the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00981":"中芯国际"},"translate_title":"个股赛道|中芯国际盘中大涨5.01%受存储产能扩张及半导体板块走强影响","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/918aed9e7982df1de1fac9eb6d98afb6","symbols_score_info":{"00981":1},"content_text":"SMIC's stock price soared 5.01% during intraday trading on Tuesday, marking a significant upward movement for the semiconductor manufacturer.The surge aligns with a continued rally in the semiconductor sector. 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