On July 21, SMIC rose 3.08% in regular trading, trading at HKD 71.35/share, with turnover of HKD 2.459 billion. The stock extended gains following the previous session's rally as the semiconductor sector continues its oversold rebound.

On the news front, TSMC recently reported its fifth consecutive quarter of record earnings, further validating the long-term AI growth thesis. TSMC raised its full-year USD-denominated revenue growth forecast to slightly above 40%, up from the prior guidance of over 30%, and plans to significantly increase capital expenditure over the next three years to expand advanced process and packaging capacity.

Meanwhile, the global semiconductor industry is experiencing its second round of price hikes this year, with wafer foundry repricing expectations and AI computing demand providing sustained mid-term support. Brokerages have noted that SMIC's average selling price of USD 921 per wafer remains far below TSMC's USD 6,925, suggesting significant upside as advanced capacity ramps and high-end order mix improves.

Within the Semiconductor sector, HUA HONG GRACE up 5.88%, BIREN TECH up 4.18%, GIGADEVICE up 1.22%, MONTAGE TECH up 1.06%, ILUVATAR COREX down 0.29%.

(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.)