Chip stocks rose strongly in early trading. As of press time, Hua Hong Semiconductor (01347) rose 7.83%, trading at HKD 24.1; Shanghai Fudan (01385) rose 3.93%, trading at HKD 13.22; Semiconductor Manufacturing International Corporation (00981) rose 3.02%, trading at HKD 18.4; and Solomon Systech (02878) rose 2.86%, trading at HKD 0.36.
According to the Wisdom Finance APP, chip stocks rose strongly in early trading. As of press time, Hua Hong Semiconductor (01347) rose 7.83%, trading at HKD 24.1; Shanghai Fudan (01385) rose 3.93%, trading at HKD 13.22; Semiconductor Manufacturing International Corporation (00981) rose 3.02%, trading at HKD 18.4; and Solomon Systech (02878) rose 2.86%, trading at HKD 0.36.
In recent developments, Taiwan Semiconductor's stock price has continued to rise and rumors in the market suggest that it may intend to increase its wafer quotes. In response to these pricing rumors, Taiwan Semiconductor stated that its pricing strategy has always been strategy-driven, not opportunity-driven, and it will continue to work closely with customers to provide value. In addition, Morgan Stanley stated that the wafer factory utilization rate of Hua Hong Semiconductor has exceeded 100%, which may result in a 10% increase in wafer prices in the second half of the year.
In addition, China CITIC Securities released a research report stating that the establishment of the third phase of the National Integrated Circuit Industry Investment Fund will promote the localization of core technologies such as materials, equipment, and chips. Sinolink Securities stated that in the semiconductor chip industry, the industry as a whole has passed the stage of proactively reducing inventory and entered the stage of passively reducing inventory, but with the recovery in demand, the industry as a whole is expected to start stocking up aggressively, and the cycle will enter the upward channel.