By Vishakha Saxena
Publication Date: 2025-11-24 15:43:00
Shares of Chinese semiconductor majors had a volatile day of trade on Monday following reports that the Trump administration is considering allowing US chipmaker Nvidia to sell its AI chip H200 in China.
Shanghai-listed shares of one of the country’s leading AI chipmakers, Cambricon, slipped as much as 2.5% in early trading.
Meanwhile, Hong Kong-listed shares of its competitor Hua Hong Semi and state-backed Semiconductor Manufacturing International Corporation (SMIC) fell more than 9% and 6% respectively in early trade.
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All three recovered much of their losses by the close of trading, while Cambricon closed with a gain of more than 1%. Hua Hong and SMIC ended the day with lower losses of about 5% and 1%, respectively.
The choppy trade on Monday points to uncertainty ahead for local chipmakers racing to catch up with Nvidia, the world’s most valuable company.
Beijing has thrown its weight, and billions of dollars, behind its chip industry. But strict US export controls mean China’s firms remain cut off from most cutting-edge technology required to manufacture chips that power complex AI tasks like inference.
Still China’s chipmakers have, so far, managed to deal with the fallout of those restrictions, partly due to strong state support driven by Beijing’s push for self-sufficiency. And they have also benefitted from US curbs blocking flows of…
