智通财经APP获悉，芯片股全线回落，截至发稿，华虹半导体(01347)跌6.66%，报35.75港元；晶门半导体(02878)跌5.97%，报0.63港元；中芯国际(00981)跌4.05%，报49.7港元；上海复旦(01385)跌2.94%，报19.46港元。
消息面上，国产晶圆代工厂商此前密集扩产。据TrendForce集邦咨询预估，随着新产能释出，预估至2025年底，大陆晶圆代工厂成熟制程产能在前十大业者的占比将突破25%。大摩指出，华虹8英寸成熟工艺节点面临竞争下的潜在定价压力；汇丰则认为，目前中芯国际股价未能反映定价压力、关税影响及需求能见度疲弱。
此外，国信证券认为，通过与DeepSeek等国产大模型的适配，国内全功能GPU对复杂AI任务的支持能力将得到验证和优化，有助于国内AI全产业链发展。国泰君安认为，AI竞赛加剧，产业加速发展，而芯片制造目前是中国AI产业主要瓶颈，有望随着产业链成熟逐步突破。天风证券表示，长期来看，外部地缘政治影响带来的不确定性有望加快中国大陆半导体产业链国产替代的步伐。
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