China's Semiconductor Sector Poised for Growth as Memory Market Expands Capacity -- Market Talk

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1106 GMT - China's semiconductor industry is expected to benefit from favorable memory market dynamics through 2026, Frank He and Cara Su of HSBC Qianhai Securities say in a note. NAND supply is likely to remain tight due to strict utilization controls by major suppliers. DDR5 DRAM prices could rise further, supported by AI server demand, while the DDR4 chip shortage may persist as major suppliers phase out production, they add. Rising prices and the push for local manufacturing are driving capacity expansion by memory leaders Yangtze Memory Technologies and CXMT, which should benefit domestic supply-chain companies, particularly equipment makers. HSBC's top sector picks are buy-rated GigaDevice, AMEC and Naura. (jason.chau@wsj.com)

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October 13, 2025 07:06 ET (11:06 GMT)

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NAND supply is likely to remain tight due to strict utilization controls by major suppliers. DDR5 DRAM prices could rise further, supported by AI server demand, while the DDR4 chip shortage may persist as major suppliers phase out production, they add. Rising prices and the push for local manufacturing are driving capacity expansion by memory leaders Yangtze Memory Technologies and CXMT, which should benefit domestic supply-chain companies, particularly equipment makers. HSBC's top sector picks are buy-rated GigaDevice, AMEC and Naura. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 13, 2025 07:06 ET (11:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Semiconductor Sector Poised for Growth as Memory Market Expands Capacity -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina's Semiconductor Sector Poised for Growth as Memory Market Expands Capacity -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-10-13 19:06</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1106 GMT - China's semiconductor industry is expected to benefit from favorable memory market dynamics through 2026, Frank He and Cara Su of <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> Qianhai Securities say in a note. NAND supply is likely to remain tight due to strict utilization controls by major suppliers. DDR5 DRAM prices could rise further, supported by AI server demand, while the DDR4 chip shortage may persist as major suppliers phase out production, they add. Rising prices and the push for local manufacturing are driving capacity expansion by memory leaders Yangtze Memory Technologies and CXMT, which should benefit domestic supply-chain companies, particularly equipment makers. HSBC's top sector picks are buy-rated GigaDevice, AMEC and Naura. (jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 13, 2025 07:06 ET (11:06 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGXZ49509284.SGD","symbol_name":"United China A Shares Innovation A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2575408301","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575408301","pubTimestamp":1760353560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1106 GMT - China's semiconductor industry is expected to benefit from favorable memory market dynamics through 2026, Frank He and Cara Su of HSBC Qianhai Securities say in a note. NAND supply is likely to remain tight due to strict utilization controls by major suppliers. DDR5 DRAM prices could rise further, supported by AI server demand, while the DDR4 chip shortage may persist as major suppliers phase out production, they add. Rising prices and the push for local manufacturing are driving capacity expansion by memory leaders Yangtze Memory Technologies and CXMT, which should benefit domestic supply-chain companies, particularly equipment makers. HSBC's top sector picks are buy-rated GigaDevice, AMEC and Naura. 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