Investing.com — Chinese chip stocks rallied on Thursday, with Cambricon surging more than 11% and Moore Threads gaining around 7%, as a rebound in global semiconductor shares and the prospect of tighter U.S. controls on access to advanced AI processors renewed focus on China’s domestic chip industry.
SMIC’s Shanghai-listed shares rose 2.42%, while its Hong Kong-listed stock added 1.67%. Hua Hong Semiconductor gained 2.7% and chip equipment maker NAURA Technology advanced 3.12%.
The gains contrasted with weakness among several Chinese technology companies, with Z.AI falling 7.4%, MiniMax dropping 6.1% and Alibaba declining 4.9%.
The sector’s advance followed a strong rally in U.S. semiconductor shares on Wednesday, when the Philadelphia Semiconductor Index climbed 5.7%.
Strong results from AI cloud provider CoreWeave helped ease concerns about the financing and sustainability of data-centre investment, supporting demand for chipmakers and other AI infrastructure suppliers. Chinese financial media also highlighted the overnight rebound as a driver of gains in domestic semiconductor stocks.
Investors were also assessing a potential tightening of U.S. restrictions. The Information reported that the Commerce Department was preparing a rule to prevent Chinese AI companies from remotely accessing advanced chips through data centres in other countries.
The measure could be announced as soon as this month and extend existing semiconductor-related controls to seven additional countries, including Malaysia, Singapore and Thailand. The proposal remains under interagency review and has not been finalised.
The proposed restrictions would target a route through which Chinese companies can obtain computing capacity without physically importing restricted processors. Tencent, Alibaba and ByteDance have signed agreements with overseas data-centre operators that provide access to advanced Nvidia chips for AI training, according to The Information.
The prospect of tighter controls could reinforce Beijing’s push to develop domestic alternatives and reduce reliance on foreign technology. However, the shift is not automatic: Chinese chipmakers continue to face constraints in advanced manufacturing and other parts of the semiconductor supply chain.
Original Article
China chip stocks rally as U.S. weighs curbs on remote AI access
Asia stocks slip as Nvidia turmoil clouds AI trade; China chipmakers rally
