中芯国际：CEO 访谈- 资本开支、迁移及增长呈现稳健上行趋势

4 March 2026 | 7:32PM HKT Equity Research SMIC (0981.HK): CEO visit: Solid upward trend on capex, migration, and growth We hosted a small group meeting with SMIC's CEO in Shanghai on Mar 4. Key discussions were about the semiconductor capacity expansion in China and the technology migration trend of China's semiconductor industry. Overall, management remains positive on China Semis Capex up-cycle driven by rising fabless with technology migration. We maintain our bullish view on SMIC with a Buy rating on A ...