On June 25, Hua Hong Semiconductor rose 3.23% in regular trading, trading at HK$196.3/share, with turnover of HK$1.915 billion, extending its recent strong upward trajectory.
On the news front, the company's share issuance to acquire 97.4988% equity of Shanghai Huali Microelectronics was approved by the Shanghai Stock Exchange M&A Review Committee on June 18. The transaction is valued at 8.27 billion yuan, which will inject 65/55nm and 40nm logic process capabilities and add 38,000 wafers/month of 12-inch production capacity. Additionally, TSMC reportedly notified customers of a 5% to 10% price increase across all advanced processes at 7nm and below, affecting approximately 75% of its wafer revenue, boosting overall foundry sector sentiment.
Within the Semiconductors sector, the broader segment continues to trend higher. Among peers, SMIC rose 3.54%, GigaDevice surged 9.48%, Montage Technology gained 5.76%, and Iluvatar CoreX climbed 6.47%, while Innoscience fell 3.75%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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