Zhongtong Financial APP learned that Goldman Sachs released a research report stating a target price of 31.3 Hong Kong dollars for Hua Hong Semiconductor (01347), rating it as a "buy." Hua Hong's management has an optimistic outlook on the demand for all major products in 2025, expecting strong performance from products (CIS, RF, PMIC) this year to continue strong momentum next year, with the microcontroller unit (MCU) and power discrete devices set to rebound.

The report mentions that Hua Hong Semiconductor's Phase II 12-inch wafer fab is scheduled to start mass production in the first quarter of 2025, and the company will gradually increase production and adjust the pace according to market demand. The group expects the pricing of existing wafer fabs to remain stable, with the average selling price of new wafer fabs being higher due to higher process nodes (55nm/40nm).