HK Stock Market Move | AI and autonomous controllable continuous promotion Semiconductor Manufacturing International Corporation (00981) rose more than 5%, while HUA HONG SEMI (01347) rose nearly 4%

Chip stocks rose in early trading, as of the time of publication, Semiconductor Manufacturing International Corporation (00981) rose 5.09% to HK$75.35; HUA HONG SEMI (01347) rose 3.88% to HK$76.3; SHANGHAI FUDAN (01385) rose 2.73% to HK$40.58. A research report by Guosen pointed out that driven by AI and self-controllable technologies, more than half of the 146 A-share semiconductor companies surveyed by the bank have set quarterly revenue records in 2025, benefiting companies like Semiconductor Manufacturing International Corporation and HUA HONG SEMI in the domestic chip design industry and the production chain related to the rise of domestic chip high-end technology trends. Industrial predicts that in 2026, the storage sector will see a resonance between the "price cycle" and "product iteration cycle", and capital expenditure is expected to grow at a higher-than-expected rate, driving continued growth in equipment company orders. In the medium to long term, under the wave of AI, it will take a long time and substantial investment for domestic alternatives in computational power and high-performance storage to catch up. The bank believes that there is no need to be pessimistic about capital expenditure for domestic advanced technology, which is expected to continue to support a high level of industry capital expenditure. The bank remains optimistic about the trend of domestic substitution in semiconductor wafer manufacturing, equipment, materials, and components.