Stock Track | SMIC Soars 5.01% Intraday on Broker Initiation and Industry Tailwinds

Stock Track

Jun 30

SMIC's stock surged 5.01% during intraday trading on Tuesday, reflecting strong investor sentiment towards the semiconductor manufacturer.

The rally was driven by multiple positive catalysts, including a fresh broker initiation from CMB International, which started coverage on SMIC H-shares with a Buy rating and a target price of 110 HKD. The firm highlighted SMIC's position as a core domestic wafer manufacturing platform.

Additionally, industry-wide pricing tailwinds provided support, as TSMC has reportedly notified customers of price increases between 5% to 10% for all advanced processes at 7nm and below. SMIC also recently strengthened its competitive position by completing a significant 40.6 billion yuan private placement, making SMIC North a wholly-owned subsidiary.

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The firm highlighted SMIC's position as a core domestic wafer manufacturing platform.</p><p>Additionally, industry-wide pricing tailwinds provided support, as TSMC has reportedly notified customers of price increases between 5% to 10% for all advanced processes at 7nm and below. SMIC also recently strengthened its competitive position by completing a significant 40.6 billion yuan private placement, making SMIC North a wholly-owned subsidiary.</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":"1114375267","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1114375267","pubTimestamp":1782786203,"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 surged 5.01% during intraday trading on Tuesday, reflecting strong investor sentiment towards the semiconductor manufacturer.The rally was driven by multiple positive catalysts,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00981":"中芯国际"},"translate_title":"个股追踪|券商发起及行业顺风中芯国际盘中大涨5.01%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00981":1},"content_text":"SMIC's stock surged 5.01% during intraday trading on Tuesday, reflecting strong investor sentiment towards the semiconductor manufacturer.The rally was driven by multiple positive catalysts, including a fresh broker initiation from CMB International, which started coverage on SMIC H-shares with a Buy rating and a target price of 110 HKD. 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