Movement Alert|Hua Hong Semiconductor Rises 4.43% in Regular Trading, M&A Review Hearing Imminent Fuels Market Expectations

Market Focus
Jun 17

On June 17, Hua Hong Semiconductor rose 4.43% in regular trading, trading at 153.6 HKD/share, with turnover of HKD 1.26 billion.

On the news front, the Shanghai Stock Exchange M&A Review Committee is scheduled to formally review Hua Hong's proposed acquisition of 97.4988% equity in Hua Li Microelectronics via share issuance, along with associated fundraising, on June 18. The approaching review date has significantly boosted market expectations. Upon completion of this transaction, Hua Li Micro's 65/55nm and 40nm logic process capabilities will be injected into the listed company, adding 38,000 wafers per month of 12-inch capacity and substantially strengthening the company's market position in specialty process foundry services.

Within the Semiconductors sector, individual stocks showed mixed performance. Among peers, GigaDevice rose 7.74%, Montage Technology rose 6.82%, Innoscience rose 3.24%, SMIC was flat, and Drinda fell 0.88%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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