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HUA HONG SEMI Soars ~6% on Report of Preparing to Produce 7nm Chips
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Hua Hong Group has developed advanced 7nm chip manufacturing technology for AI chips, marking a significant milestone in China's efforts to enhance technological self-sufficiency, Reuters reported, citing sources. Following the news, HUA HONG SEMI (01347.HK) once surged to a peak of HKD39. It last traded at HKD93.15, up 5.85%, with a volume of 37.9251 million shares, involving HKD3.546 billion. It is understood that Hua Hong's contract chipmaking business, Huali Microelectronics, is preparing for mass production of 7nm chips at its Shanghai plant, making Hua Hong the second Chinese chip manufacturer after SMIC (00981.HK) with such advanced technology. Currently, BIREN TECH (06082.HK) is using Huali Microelectronics' 7nm production line for tape-out, a process of creating a physical prototype from chip design for testing before starting mass production. BIREN TECH's stock price once peaked at HKD34. It last printed at HKD33.76, up 4.65%, with a volume of 3.8304 million shares, involving HKD126 million. Other chip stocks in Hong Kong also performed positively. INNOSCIENCE (02577.HK) was last at HKD63.7, up 2.99%. GIGADEVICE (03986.HK) last traded at HKD419.2, up 15.16%. SMIC last printed at HKD62.75, up 0.88%. AAStocks Financial News |
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