NOVOSENSE (02676) rose more than 8%, reaching a new high of HK$139.7. By the time of writing, the stock was up 8.47% to HK$137, with a turnover of HK$100 million.

The Shanghai and Shenzhen Stock Exchanges recently announced that, as NOVOSENSE's price stabilization period in the Hong Kong market has ended and its corresponding A-share has been listed for over 10 trading days, it will be included in the list of securities eligible for the Southbound Stock Connect, effective from February 5th.

According to Frost & Sullivan data, based on 2024 analog chip revenue, NOVOSENSE ranked fifth among Chinese analog chip manufacturers.

It is also the only company within the top ten domestic manufacturers that has a significant strategic focus across three major product lines: sensors, signal chain chips, and power management chips.

Kaiyuan Securities previously pointed out that Analog Devices, Inc. (ADI) recently issued a price adjustment notice to customers, planning to implement a price increase for its entire product portfolio starting February 1, 2026, with an average overall increase of approximately 15%.

Prior to this, the analog chip leader Texas Instruments (TI) had already initiated price increases in the third quarter, with hikes ranging from 10% to over 30%.

This ADI price increase is primarily driven by rising costs across various areas; from a downstream demand perspective, the industrial control and automotive sectors are experiencing a slow recovery, while AI data centers are boosting demand for high-power, high-current analog chips.

The institution believes that by 2026, with the continued recovery in downstream demand and sustained high levels of AI capital expenditure, there is potential for both domestic analog chip demand and prices to rise.