Reported 1 day ago
SMIC's shares have surged 120% in recent months, surpassing major competitors like Nvidia, fueled by China's self-reliance in semiconductor manufacturing. However, analysts warn of potential overvaluation as geopolitical tensions and competition from global chipmakers like TSMC could impact SMIC's profitability. Despite strengths in domestic demand and recent government support, concerns remain over China's capabilities in advanced chip production due to US restrictions.
Source: YAHOO