Chip stocks collectively rose in the afternoon. As of the time of publication, Hua Hong Semiconductor (01347) rose 7.65% to HKD 19.14; Contel (01912) rose 5.88% to HKD 0.054; Semiconductor Manufacturing International Corporation (00981) rose 5.74% to HKD 16.22; Solomon Systech (02878) rose 1.85% to HKD 0.275.
According to the Zhixun Securities app, chip stocks collectively rose in the afternoon. As of the time of publication, Hua Hong Semiconductor (01347) rose 7.65% to HKD 19.14; Contel (01912) rose 5.88% to HKD 0.054; Semiconductor Manufacturing International Corporation (00981) rose 5.74% to HKD 16.22; Solomon Systech (02878) rose 1.85% to HKD 0.275.
On the news front, the third phase of the National Integrated Circuit Industry Investment Fund Co., Ltd. was officially established on May 24, with a registered capital of 344 billion yuan. The large fund will increase investment in core technologies and key components, and will also focus on the integration with international advanced technologies.
In addition, Counterpoint Research believes that the semiconductor industry has shown signs of demand recovery in the first quarter of 2024, although progress has been relatively slow. After several quarters of destocking, channel inventory has normalized. Nomura believes that if the cyclical technology recovery expands to other electronic terminal markets, it will support the semiconductor industry to enter the next upward cycle, which will continue from the second half of this year to 2025. Driven by the demand for AI, the cyclical recovery in the terminal market will expand from AI servers to other major computing fields such as traditional servers, personal computers, and smartphones.