[Lyon: DeepSeek Model Highlights Smooth Progress in Domestic Advanced Process Capacity Expansion, Continues to Favor SMIC and Hua Hong] Golden Finance reported on April 27 that Lyon released a report stating that DeepSeek officially launched the preview versions of its V4-Pro and V4-flash models last Friday. The firm believes this underscores the smooth progress in the expansion of domestic advanced process capacity. Texas Instruments and Intel also announced better-than-expected Q1 results and Q2 guidance. The firm noted that overall demand for analog chips is recovering, and if demand remains strong, the upward pricing trend is expected to continue, primarily driven by the accelerated development of domestic AI large models and the localization of AI chipsets. The firm expects domestic foundries to be the main beneficiaries and reiterates its "outperform" rating for SMIC and Hua Hong Semiconductor, with target prices of HK$93.3 and HK$129.5, respectively. (Dongxin News Agency)