Chinese tech shares, particularly chipmakers, jumped sharply on Monday, Investing.com reported. The rally followed Beijing’s scrutiny of Nvidia chips, which strengthened bets on domestic processors for AI development.
Semiconductor Manufacturing International Corp rose 6% in Hong Kong, Cambricon Technologies surged 8.6% to a record high in Shanghai, while Hygon Information Technology jumped nearly 15%. By contrast, Hua Hong Semiconductor fell 3%.
Momentum grew further after DeepSeek unveiled its V3 model, designed for next-generation Chinese chips. However, reports indicate the company delayed its new AI release due to training issues with Huawei-made chips — a firm seen as China’s leading Nvidia rival.
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