Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs: SMIC (00981.HK) Mgmt Optimistic About CN Semis Capex
Recommend 15 Positive 14 Negative 8 |
||||
|
||||
|
The management of SMIC (00981.HK) maintained its bullish view on the upcycle of China's semiconductor capex, Goldman Sachs said in its report. They believed that rising fabless with technology migration will drive the development of this cycle. The broker anticipated that advanced logic and memory will become the main drivers of capex growth, with the supply chain magnifying its investment to narrow the gap between China's domestic supply chain and leading overseas companies. Continuous capacity expansion will support local Chinese semiconductor equipment companies, further promoting R&D to develop more localized equipment solutions, Goldman Sachs opined. The broker maintained a positive outlook on SMIC, setting a target price of HKD134 with a rating of Buy. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
