SMIC"s stock has experienced a surge of 120% in the past two months, surpassing major global players like Nvidia Corp. and Taiwan Semiconductor Manufacturing Co. This growth is driven by China"s push for self-reliance in the semiconductor sector and the increasing demand from domestic investors.
The Shanghai-listed shares of SMIC have outperformed its Hong Kong counterparts by nearly 50 percentage points. However, there are ongoing concerns about competition and geopolitical tensions that could impact the semiconductor industry.