SMIC (00981) surged 5.03% during Tuesday's intraday trading session, marking a significant uptick in its share price. The movement reflects strong investor confidence in the company's latest strategic initiatives.
The surge follows SMIC's announcement to acquire the remaining 49% stake in its subsidiary SMIC Northern for 40.6 billion yuan, making it a wholly-owned subsidiary. Additionally, SMIC Southern secured a $7.778 billion capital injection from investors, further bolstering its financial and operational capabilities. These moves are expected to enhance SMIC's control over its core manufacturing segments and improve the self-sufficiency of domestic chips.
Market analysts view these developments as a positive signal for SMIC's future growth, particularly in semiconductor equipment and AI infrastructure. The company's proactive capital management and consolidation efforts have resonated well with investors, driving the stock's upward momentum.
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