Based on customer demand and order backlog, SMIC (00981.HK) -6.650 (-7.535%) Short selling $1.47B; Ratio 8.053% is more bullish about its overall operations this year compared with the previous quarter. Amid changes in the market environment, the company's advantages in technology reserves, diversified platforms and flexible capacity conversion support its ability to secure orders.The company noted that strong demand for supporting chips driven by AI has directly pushed its power management chip capacity into short supply. The overseas siphoning effect of AI has prompted customers in consumer electronics and IoT to seek capacity in Mainland China, resulting in order repatriation. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)Related NewsDaiwa: Huaweis New Semiconductor Theory Brings Positive Surprise, Signaling Breakthroughs in Design and Manufacturing
AASTOCKS Financial News