Toki
The so-called “rumor” refers to a news from Reuters Hong Kong: China intends to invest more than 143 billion US dollars to support the domestic chip industry and compete with the United States. There are many details, such as: Most of the financial aid will be used to subsidize Chinese companies to purchase domestic semiconductor equipment, mainly semiconductor fabs. These companies will be entitled to a 20% subsidy of procurement costs.
Although there are a lot of small essays in the current market, some are posted by the chief, and some are screenshots just made up by netizens. However, the sources of Bloomberg and Reuters are at least more credible to institutions than those circulated on the Internet.
Therefore, the Hong Kong stock market exploded and pulled Hua Hong Semiconductor and SMIC. These two are the purest semiconductor fabs. If the rumors are true, they will benefit the most. These are all clear cards. Therefore, in the face of gossip, SMIC’s official reply seemed to confirm something, but it seemed to confirm nothing. It’s fine if everyone tacitly agrees.
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