CLSA Highlights China's Smooth Progress in Advanced Process Capacity Expansion with DeepSeek Model Launch

Stock News14:01

CLSA has released a research report indicating that overall demand for analog chips is showing signs of recovery. If this strong demand continues, the upward pricing trend is expected to persist, primarily driven by the development of domestic large-scale AI models and the accelerated localization process of AI chipsets. The firm anticipates that local foundries will be the main beneficiaries, reaffirming its "Outperform" ratings on Semiconductor Manufacturing International Corporation (00981) and HUA HONG SEMI (01347). The price targets are set at HK$93.3 and HK$129.5, respectively.

DeepSeek officially launched the preview versions of its V4-Pro and V4-flash models last Friday (24th). Additionally, Texas Instruments (TXN) and Intel (INTC) reported better-than-expected first-quarter results and provided optimistic second-quarter guidance. CLSA believes these developments underscore the smooth advancement of China's expansion in advanced process semiconductor manufacturing capacity.

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