Chinese chip companies stock prices rose
On Monday, the stock prices of China's technology companies, particularly chip manufacturers, rose significantly. This was reported by Zamin.uz.
According to Investing.com, this growth is linked to increased demand for local processors following investigations in Beijing into Nvidia chips. Shares of Semiconductor Manufacturing International Corp rose 6% on the Hong Kong Stock Exchange, while Cambricon Technologies increased by 8.6% on the Shanghai Stock Exchange, reaching record levels.
Additionally, shares of Hygon Information Technology rose nearly 15%. However, Hua Hong Semiconductor shares fell by 3%.
The demand surge was further boosted by DeepSeek's introduction of a new V3 model adapted for local chips. At the same time, reports indicate that the company delayed the release of the new model due to training issues encountered with chips developed by Huawei.
This situation is driving growth among local manufacturers in China's chip industry and enhancing competitiveness in the market.
