The E Fund Asia Semiconductor ETF (03486) rose more than 4% in afternoon trading. At the time of writing, it was up 3.69% to HK$24.74, with a turnover of HK$169.52 million.

Key Market Drivers

On June 24th, Hong Kong-listed chip stocks saw significant gains. At the time of writing, Huahong Grace surged over 16%, SMIC rose more than 8%, and GigaDevice increased over 7%.

Price Increase for Advanced Processes

According to reports, technology analyst Tim Culpan noted that Taiwan Semiconductor Manufacturing (TSM) has begun notifying customers of price increases for its wafer foundry services. The hikes are not limited to the previously rumored 3nm process but extend to all advanced processes at 7nm and below. The overall increase is approximately 5% to 10%, affecting around 75% of the company's wafer revenue.

SK Hynix ADR Listing Update

In other news, SK Hynix is expected to submit a securities registration statement to South Korea's Financial Supervisory Service this Wednesday regarding its planned American Depositary Receipt (ADR) listing. The company anticipates the FSS could complete its document review as early as July 3rd, with the ADR listing potentially finalized in July.

ETF Overview

The E Fund Asia Semiconductor ETF closely tracks the Solactive Asia Semiconductor Select Index. Its portfolio includes industry leaders such as SK Hynix, Taiwan Semiconductor Manufacturing (TSM), GigaDevice, Huahong Semiconductor, and Tokyo Electron, providing comprehensive exposure to high-growth segments like memory, manufacturing, and equipment.