SMIC HK shares jump on chipmaking frenzy, Hua Hong at record high

Semiconductor Manufacturing International

26/05/2026 07:25

** Hong Kong shares of SMIC 0981.HK jump 16.5% in a second straight session of gains to HK$93, their highest since October 9

** Stock last up 6.7%; fourth biggest pct gainer in Hang Seng Index .HSI, which adds 0.1%

** Chinese tech champion Huawei Technologies said on Monday it will make industry-leading semiconductors using a new technology in five years and expects to design chips by 2031 with density equivalent to 1.4-nanometre (nm)

** The target is significant as China's most advanced proven chipmaking capability is widely seen at around 7 nm, while 1.4 nm is expected to be close to the global frontier for advanced chipmaking around the end of the decade

** Hang Seng Semiconductors Industry Index .HSIT up 6%, led by Hua Hong Semiconductor 1347.HK and SMIC

** "I'm very bullish toward SMIC. It's China's answer to TSMC" says Yuan Yuwei, hedge fund manager at Trinity Synergy Investments

** Hua Hong 1347.HK Hong Kong shares surge 20.7% to a record high of HK$157, highest since debut in October 2014

** YTD, Hong Kong shares of SMIC up 21.1%, Hua Hong up 90.9%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))