高盛：中国半导体-人工智能、智能驾驶将超越智能手机，成熟制程；将华虹半导体和麦捷科技评级下调至中性

5 May 2025 | 5:01PM HKT China semis AI / Smart driving to outgrow Smartphone / Mature nodes; Downgrading Hwatsing and Maxscend to Neutral We are positive on China Semis, given; (1) generative AI support for China Semis' development across IP, design, foundry, advanced packaging, and SPE. We upgraded SMIC to Buy in Feb (report link), VeriSilicon and AMEC to Buy in Mar (report link), and Cambricon to Buy in Apr (report link); and, (2) autonomous driving due to BYD's smart EV and Robotaxi development trend. We ...