"Stock Market Brief" A-share chip stocks surge, reports say China seeks to increase AI chip production to reduce dependence on NVIDIA
Chinese stock market chip stocks surged in early trading on Thursday, with the China Trading Service Semiconductor Chip Industry Index rising by 4.2% at one point. According to reports, Chinese chip manufacturers plan to double the production of AI chips by 2026 to reduce dependence on NVIDIA. Huawei aims to start production at a factory dedicated to AI chip manufacturing by the end of the year, with two additional factories set to be operational by 2026. SDIC Semiconductor hit the daily limit, while Lanqi Technology, Rockchip, and SMIC saw increases ranging from 5.4% to 9.7%
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Chinese stock market chip stocks surged sharply on Thursday morning, with the China Trading Service Semiconductor Chip Industry Index (.CSI990001) rising 4.2% at one point during the session.
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According to a report by the Financial Times (FT) on Wednesday, Chinese chip manufacturers are seeking to double the production of artificial intelligence (AI) chips by 2026 to reduce reliance on Nvidia (NVDA.O).
The report cited sources familiar with the matter, stating that Huawei's (HWT.UL) goal is to begin production at a factory dedicated to AI chip manufacturing by the end of the year, with two additional factories set to start production in 2026.
- Star Semiconductor (603290.SS) hit the daily limit up in the morning session, while Lanqi Technology (688008.SS), Rockchip (603893.SS), and SMIC (688981.SS) saw increases ranging from 5.4% to 9.7%. (End)
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(Reported by Wang Zhenzhen; Edited by Zhang Xiliang)
