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3 Emerging Market Stocks Tied To China Chips And AI Infrastructure

Simply Wall St · 2d ago

As the US Federal Reserve lifts rates and questions build around US debt sustainability, attention is drifting toward emerging market equities that are not moving in lockstep with Washington. That shift creates a window for investors who worry about concentrated exposure to US risk yet do not want to sit in cash. This article unpacks three stocks from our Emerging Market Equities screener that appear closely tied to this new macro story.

The three stocks that follow only scratch the surface of what the Emerging Market Equities idea is flagging right now, since the full screen surfaced 31 more companies with equally compelling narratives that are not covered here. To see the broader opportunity set and quickly analyze which tickers best fit your own risk and return preferences, head straight into the Emerging Market Equities screener.

ACM Research (Shanghai) (SHSE:688082)

ACM Research (Shanghai) gives this emerging markets screen direct exposure to China’s semiconductor build out, linking investor capital to local chip equipment spending rather than US rate policy. This is exactly why its execution story matters here.

ACM Research (Shanghai) develops and sells semiconductor fabrication and packaging tools in China, generating about CN¥7.2b from semiconductor equipment and services, and carries a roughly CN¥113.5b market cap that puts it firmly in the larger end of this screener’s universe.

"Although ACM Research (Shanghai) reports very large growth in ECP, furnace and advanced packaging categories, the 14.2% decline in single-wafer, Tahoe and semi-critical cleaning revenue in Q2 2026 shows its core cleaning franchise is weakening at the same time that newer cleaning tools like SPM remain in early shipment stages. This could limit total revenue growth and keep earnings below expectations if this mix shift persists."

The real swing factor now is whether one quiet shift in the product mix ultimately reshapes margins and the growth profile investors expect.

If that mix shift is what matters, read the full narrative for ACM Research (Shanghai) to see how ACM Research (Shanghai) could be priced for either stalled or accelerating momentum.

SHSE:688082 Revenue & Expenses Breakdown as at Oct 2026
SHSE:688082 Revenue & Expenses Breakdown as at Oct 2026

Semiconductor Manufacturing International (SEHK:981)

Semiconductor Manufacturing International gives this Emerging Market Equities screen a heavyweight China semiconductor foundry, tying your exposure directly to local chip manufacturing rather than US rate policy headlines.

Semiconductor Manufacturing International runs a large contract chip fabrication business, generating about US$10.4b from manufacturing and selling integrated circuits, and carries a roughly HK$594.2b market cap that puts it among the bigger EM tech listings.

"SMIC's expansion of wafer capacity, particularly in 8-inch and 12-inch nodes, is intended to help the company address demand from domestic downstream markets such as automotive and analog, supported by volume growth and high utilization rates."

What really matters for Semiconductor Manufacturing International now is how one unresolved pressure shapes future pricing power and return on new fabs.

That pressure point is exactly why reading the full narrative for Semiconductor Manufacturing International can help you see whether Semiconductor Manufacturing International is quietly building underestimated pricing power and returns.

SEHK:981 Revenue & Expenses Breakdown as at Oct 2026
SEHK:981 Revenue & Expenses Breakdown as at Oct 2026

Delta Electronics (Thailand) (SET:DELTA)

Delta Electronics (Thailand) gives this Emerging Market Equities screen a large Thai electronics manufacturer with global reach, tying your exposure to an economy benefiting from supply chain shifts rather than US policy alone. The firm earns about THB167.4b from Power Electronics, THB38.9b from Infrastructure and THB24.8b from Mobility, and carries a market cap of roughly THB2,918.9b.

Delta Electronics (Thailand) matters here because it is a sizeable, liquid EM stock that links Thailand’s push into higher value manufacturing with real revenue from AI, power and automation. This sets up a very different risk mix compared with US centric tech.

"Rising adoption of AI and data intensive computing is supporting strong demand for Delta Electronics (Thailand) data center power and AI cooling solutions in Thailand, India and Australia."

The real question is how one shift in where future orders come from ultimately flows through to margins and long term growth potential.

That order mix shift is exactly what sits behind the full narrative for Delta Electronics (Thailand), which unpacks how AI demand, regional exposure and execution risk could reshape Delta Electronics (Thailand)'s trajectory.

SET:DELTA Revenue & Expenses Breakdown as at Oct 2026
SET:DELTA Revenue & Expenses Breakdown as at Oct 2026

Seeking Alternatives Before Others Catch On

Fresh ideas move first. By the time a theme hits headlines, the early entry window can be gone. Scan these curated lists while the momentum is still under the radar for now.