Global Market: Chinese AI and chip stocks rally after Huawei signals major tech leap
Chinese semiconductor stocks rose in Hong Kong after Huawei signaled a potential 1.4nm chip breakthrough using “LogicFolding” technology by 2031, Bloomberg reported. Semiconductor Manufacturing International and Hua Hong Semiconductor gained over 16%. Analysts said success could narrow the gap with global rivals and reduce dependence on ASML tools, but Bloomberg noted scale viability will be tested with Huawei’s Kirin chips later this year.