On June 23, SMIC rose 3.17% in regular trading, trading at 81.5 HKD/share, with turnover of HKD 1.845 billion. The gain came as the semiconductor sector continued its multi-day rally, with sector peers Hua Hong Grace up 3.95% and Iluvatar Corex up 3.92%.

On the news front, SMIC recently stated on its investor relations platform that the company has accumulated years of mass production experience in specialty storage areas including NOR and NAND flash. With the storage industry in an upcycle and overall capacity in short supply, SMIC has begun deploying additional capacity to increase flexibility. The company also recently 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 HKD 90, citing SMIC's long-term value as a core beneficiary of domestic chip 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.)