Semiconductor stocks rallied higher. As of press release, SMIC (00981) rose 4.57% to HK$26.3; Shanghai Fudan (01385) rose 4.18% to HK$15.44; and Huahong Semiconductor (01347) rose 4.24% to HK$20.9.
The Zhitong Finance App learned that semiconductor stocks rose higher. As of press release, SMIC (00981) rose 4.97% to HK$26.4; Shanghai Fudan (01385) rose 4.18% to HK$15.44; Huahong Semiconductor (01347) rose 4.24% to HK$20.9; and Hongguang Semiconductor (06908) rose 3.45% to HK$0.6.
According to the news, according to a report by the Financial Federation, some media quoted people familiar with the matter as saying that the Biden administration is considering further restrictions on the sale of semiconductor devices and artificial intelligence memory chips to China, but will not take some of the harsher measures previously proposed. These restrictions may be announced as early as next week. Tianfeng Securities pointed out that the US may implement new chip regulations on China, once again emphasizing domestic semiconductor alternative investment opportunities. The bank emphasized the urgent need for domestic semiconductor substitution, large market space, and potential external (international political instability) and internal (expansion of production by large manufacturers, policy promotion, etc.) catalytic effects on the sector. Judging that domestic semiconductor equipment, materials, and domestic EDA/IP substitution is expected to continue to accelerate, sector investment opportunities are worth paying attention to.
Hualong Securities pointed out that semiconductors are an important field for competition among major countries, geopolitics are exacerbating the shortage of chip supply, and autonomy and control are imminent. Furthermore, as Trump may increase the technology embargo and trade sanctions against China after his election, the autonomy and control of China's semiconductors is not only imperative, but will also continue to accelerate. Huatai Securities said that if the scope of semiconductor export restrictions is further expanded, it may have a certain impact on China's semiconductor industry in the short term and promote domestic substitution in the long term.
