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YTD stock performance of Chinese chipmakers (Cambricon, SMIC, Hua Hong). 1. Cambricon: 92.5% 2. SMIC: 96.2% 3. Hua Hong Semi: 80% https://t.co/Xv3kNoVyJe https://t.co/XBVc5JoUzG
1) FT reported Cambricon's jumped 20% to an ATH, taking the company’s market cap past Rmb500bn ($70bn) for the first time. (Cambricon roadmap on 2nd tweet). 70B is something.... Its value has more than quadrupled in the past year (check attached tweet) SMIC and Hua Hong Semi https://t.co/spGjYdL9BC
1) FT reported Cambricon's jumped 20% to an ATH, taking the company’s market cap past Rmb500bn ($70bn) for the first time. (Cambricon roadmap on 2nd tweet) Its value has more than quadrupled in the past year. Chip foundries also gained on Friday. (check attached tweet) SMIC https://t.co/SPEAAeJ2GZ https://t.co/spGjYdL9BC
Chinese semiconductor shares rallied on 22 August after reports that Nvidia suspended production of its H20 artificial-intelligence processors and local start-up DeepSeek said it had optimised its large language model for the next generation of domestic chips. Cambricon Technologies led the advance, surging about 20% to a record, a move that lifted the Beijing-based designer’s market value above RMB 500 billion ($70 billion) for the first time. The stock has gained roughly 93% so far this year. Chipmaker Hygon, as well as foundries Semiconductor Manufacturing International Corp. and Hua Hong Semiconductor, also posted strong session gains. SMIC and Hua Hong are up about 96% and 80%, respectively, year-to-date, underscoring investor expectations that China’s hardware suppliers will benefit from tightened US export controls and a push for domestic alternatives.
