Introduction#
Morgan Stanley has pinpointed several leading stocks that are likely to benefit from China's push to enhance its domestic artificial intelligence (AI) chip manufacturing. The country aims for 76% self-sufficiency in graphics processing units (GPUs) by 2030, a significant goal that could reshape the semiconductor landscape.
Semiconductor Manufacturing International Corporation (SMIC)#
SMIC is recognized as the top contender in the AI GPU sector in China. This foundry operator plays a crucial role in the country's semiconductor ambitions, as it provides advanced manufacturing capabilities that all major domestic chipmakers depend on. With China's goal of achieving 76% GPU self-sufficiency, SMIC is positioned as a cornerstone of the domestic AI chip supply chain.
NAURA Technology Group#
Morgan Stanley also highlights NAURA Technology Group as a key player in the semiconductor equipment sector. As China invests more in its AI chip manufacturing capabilities, NAURA stands to gain from this increased spending on fabrication facilities. The company's equipment solutions are essential for building the infrastructure required to support advanced chip production.
ASM Pacific Technology#
Another company of interest is ASM Pacific Technology, which is favored for its expertise in advanced packaging technology. This technology is vital for Chinese AI GPU manufacturers, who are using multi-die packaging techniques to address gaps in manufacturing processes compared to their international counterparts. Advanced packaging has emerged as a critical factor in domestic chip production, making ASM Pacific a significant contributor to China's AI semiconductor strategy.