Bullish on SMIC Stock Potential Recently, chip stocks in the Hong Kong market experienced significant declines, with companies like Hua Hong Semiconductor, SMIC, Shanghai Fudan, and InnoScience seeing their share prices drop. SMIC, in particular, fell by 5%, reflecting short-term market concerns about the semiconductor industry. However, as China’s leading foundry, SMIC holds a critical position in the global semiconductor supply chain, making its long-term growth prospects highly promising. Firstly, SMIC benefits from strong support by the Chinese government, which has heavily invested in boosting domestic semiconductor self-sufficiency. As a key player, SMIC has received substantial funding and technological backing, enabling it to expand advanced production lines, such as 12-inch wafer