The Zhitong Finance App learned that chip stocks retreated after rising in early trading. As of press release, Jingmen Semiconductor (02878) fell 7.14% to HK$0.52; Shanghai Fudan (01385) fell 6.32% to HK$30.4; Huahong Semiconductor (01347) fell 3.6% to HK$33.45; and SMIC (00981) fell 0.95% to HK$18.76.

According to reports, Samsung Electronics and SK Hynix may lose billions of won in the first quarter of this year due to weak memory chip prices and increased inventories. Among them, the operating loss of Samsung's semiconductor division is estimated to be between 1.91 trillion and 4.47 trillion won (about 1.46 billion to 3.4 billion US dollars), while SK Hynix is 3.11 trillion won (about 2.37 billion US dollars).

According to TrendForce's latest forecast, the revenue of the NAND flash memory industry will decrease by 8.1% in the first quarter of 2023, but major suppliers such as Kioxia and Micron have cut production one after another, so the oversupply of products is expected to be alleviated.