Hua Hong Semiconductor's stock soared 5.01% during intraday trading on Thursday.
The surge comes as SK Hynix announced plans to double its wafer production capacity within five years, projecting that the global memory chip supply gap could persist until 2030. This outlook has strengthened market expectations for sustained tightness in semiconductor supply chains, benefiting domestic foundry leaders like Hua Hong Semiconductor.
Additionally, Hua Hong Semiconductor is advancing its share issuance to acquire Hualiwi, which will add 38,000 wafers per month of 65/55nm and 40nm capacity. The transaction is expected to resolve intra-group competition while enhancing profitability, and includes a supporting fundraise for technology upgrades and working capital.
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