Cambricon Technologies led a rally of Chinese chipmakers on Friday after artificial intelligence start-up DeepSeek unveiled an updated model that would be compatible with domestically made semiconductors.
Shanghai-listed shares of Cambricon, one of China’s leading AI chipmakers, jumped 20 per cent to a record high, taking the company’s market capitalisation past Rmb500bn ($70bn) for the first time. Its value has more than quadrupled in the past year.
Chip foundries also gained on Friday, with Hong Kong shares of Semiconductor Manufacturing International Corporation and Hua Hong Semiconductor up 10 per cent and 18 per cent, respectively.
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