智通财经网·2025-09-22 03:47Group 1 - Core viewpoint: SMIC's stock price has increased by over 4%, currently trading at 72 HKD, with a trading volume of 4.461 billion HKD, driven by positive market sentiment and analyst upgrades [1] - Goldman Sachs has raised SMIC's H-share target price by 15% to 73.1 HKD, citing strong demand for Chinese IC design and trends in artificial intelligence as key factors supporting SMIC's production and average selling price [1] - The firm has also revised its revenue and earnings per share forecasts for 2028-2029, predicting a 5%-7% quarter-on-quarter revenue growth in Q3 2025, which could act as a short-term catalyst for the stock price [1] Group 2 - SMIC plans to issue A-shares to acquire a 49% minority stake in SMIC North, which is expected to enhance its capacity expansion and strengthen the local-for-local trend [1] - The ongoing iteration of advanced process technology in China is likely to lead to a gradual shift of AI chip production to domestic foundries, positioning SMIC as a core asset in the advanced process landscape with significant potential for domestic substitution in the AI era [1]