SMIC hits record high on report of testing tools for AI chipmaking

Semiconductor Manufacturing International

17/09/2025 08:56

** Hong Kong shares of China's key chip producer Semiconductor Manufacturing International Corporation (SMIC) 0981.HK jump 6.9% to HK$67.55, their highest level since debut in March 2004 and on course for a third consecutive session of gains

** Stock on track for the biggest one-day pct rise since August 28; third biggest pct gainer on Hang Seng Index .HSI

** Shanghai-listed stock 688981.SS surges 10% to 120.8 yuan, highest point since debut in July 2020

** SMIC is testing a deep-ultraviolet (DUV) lithography machine made by Shanghai-based start-up Yuliangsheng to challenge western rivals in producing artificial intelligence processors, Financial Times reported citing people with knowledge of the development

** YTD, Hong Kong stock up 98.7%, Shanghai shares up 16%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))