Movement Alert｜Shanghai Fudan Rises 5.77% in Regular Trading, Semiconductor Sector Broadly Rallies on AI and Domestic Substitution Momentum

Market Focus06-29

On June 29, Shanghai Fudan (01385.HK) rose 5.77% in regular trading, trading at HKD 29.68/share, with turnover of approximately HKD 87.75 million. The gain came amid a broad semiconductor sector rally, with peers including GigaDevice up 7.85%, Montage Technology up 8.29%, Hua Hong Grace up 6.17%, and SMIC up 2.25%.

The semiconductor sector has entered a strong upward cycle driven by surging AI compute demand and accelerating domestic substitution. Market analysis points to AgenticAI driving rapid growth in global token consumption, with cloud vendors continuing to increase AI infrastructure capex. Additionally, domestic substitution logic has deepened as firms push to localize upstream equipment and materials. The sector recently saw 34 semiconductor stocks hitting all-time highs, reflecting sustained capital inflows into AI-related chipmaking supply chains.

Shanghai Fudan reported Q1 revenue of RMB 1.03 billion, up 16.23% year-on-year, with FPGA and other products generating approximately RMB 347 million in Q1 revenue, growing 10.67%. The company continues to invest heavily in advanced FPGA development, with R&D spending at 30.65% of revenue.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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