智通财经APP获悉，光大证券国际发布研报称，中芯国际(00981)作为内地规模最大、技术最先进的晶圆代工龙头，是国内半导体产业链“国产化替代”的最大受益者，投资者不妨在81.5港元买入，目标价90港元，但跌穿75港元离场。
该行指，鉴于外部政治环境紧张，美国收紧并管制先进制程的半导体产品出口至内地，内地本土无晶圆厂芯片设计公司为确保供应链安全，将增加本土化代工，加速将订单从海外代工厂转移至中芯国际。
该行认为，AI急速发展推动半导体及记忆体需求急剧增长，公司订单持续满载，产能利用率高企，使整条半导体产业链议价能力提升，中芯国际的订单具备涨价逻辑。
该行续指，过往公司产品较多集中于消费电子产品，但现阶段产品架构布局更多于AI产品线，向非“传统消费电子”转型，受惠于AI周边元件所重塑的成熟制程供需格局，公司利用其强大的成熟制程和特殊工艺，切入了庞大的AI供应链，料相关AI产品较高的ASP有助提升公司毛利率。
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