Shanghai Fudan Microelectronics Group Company Limited's stock plummeted 5.11% during intraday trading on Friday, reflecting a sharp decline in its share price.

The drop occurred amid persistent weakness across the Hong Kong-listed semiconductor sector, which extended a broad-based selloff that began earlier in the week. Industry-wide sentiment remained subdued, exerting sustained downward pressure on individual stocks within the sector.

Notably, positive developments for the company, including a recently announced partnership with Fudan University to co-establish an Integrated Circuit Engineering Technology Innovation Center and an increased stake by Morgan Stanley, were insufficient to offset the prevailing negative sector headwinds during the session.