# Shares of SMIC, China's largest contract chip maker, rose as much as 16% early Tuesday.

*semiconductor · news · 2026-05-26 · MarketScreener*

## Key points

- Huawei has developed a chip design approach that avoids U.S.-restricted equipment.
- Huawei aims to design chips matching 1.4-nanometer process transistor density by 2031.
- Chinese semiconductor stocks surged up to 16% in Hong Kong after Huawei's announcement.
- Bernstein analysts see Huawei's breakthrough as a key moment for China's chip industry independence.

**Companies:** Huawei, Intel, Taiwan Semiconductor Manufacturing, Samsung Electronics, SMIC, Hua Hong Semiconductor
**Countries:** China, United States, Taiwan, South Korea

[Read the full story on MarketScreener](https://www.marketscreener.com/news/hong-kong-semi-stocks-surge-after-huawei-says-it-has-way-to-match-leading-chips-ce7f5addda81f720)

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