Hua Hong Semi (01347) surged over 3%, as of the time of writing, it increased by 2.6%, trading at 21.7 Hong Kong dollars, with a transaction amount of 0.391 billion Hong Kong dollars.
Zhitong Finance APP has learned that Hua Hong Semi (01347) surged over 3%, as of the time of writing, it increased by 2.6%, trading at 21.7 Hong Kong dollars, with a transaction amount of 0.391 billion Hong Kong dollars.
According to market news reported by 21 Finance, on November 21, STMicroelectronics announced a new plan in cooperation with the Chinese foundry Hua Hong Semi, which will collaborate with Hua Hong to produce 40nm node microcontroller units (MCU) in China. Journalists sought confirmation from Hua Hong regarding the authenticity of the cooperation information, and insiders admitted that there is related cooperation, but there is currently no more official information that can be disclosed.
STMicroelectronics is known to be one of the largest semiconductor companies in Europe and one of the largest silicon carbide chip suppliers in the world, serving electric vehicle brands like Tesla and Geely. The company has established nearly 15 wafer manufacturing and packaging-testing factories in France, Italy, Singapore, China, the Philippines, and Malaysia, and while running an IDM model, it also provides wafer foundry services to customers.