Hua Hong Semiconductor Shares Rise Over 3% on Planned Name Change and Positive Capacity Outlook

Stock News06-04

Shares of Hua Hong Semiconductor (01347) have risen more than 3%. At the time of writing, the stock is up 3.23% to HK$15.66, with a turnover of HK$1.05 billion.

Background on the Announcement

On June 3, the company announced that effective from 9:00 a.m. on June 8, 2026, its English stock short name traded on the Main Board of the Stock Exchange will be changed from "HUA HONG SEMI" to "HUA HONG GRACE". The Chinese short name will be changed from "华虹半导体" to "华虹宏力". The company's stock code on the exchange will remain unchanged as "1347".

Financial Performance and Growth Drivers

Analysis points to the company's strong first-quarter results for 2026, with revenue reaching $661 million, representing a year-on-year increase of 22.2%, which met the upper end of the company's prior guidance. Revenue growth was observed across key platforms: analog and power management was up 25.8%, eNVM increased 41.7%, sNVM grew 33.2%, power devices rose 5%, and the logic and RF platform saw an 11.4% increase. The analog and power management platform, along with the NVM memory platform, have been identified as core growth engines. The company continues to benefit from the expansion in demand for AI server support chips and the return of orders from overseas customers, with future production capacity expected to be steadily released.

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