Hua Hong Group has a new leader! Qin Jian, Chairman of Shanghai United Investment, takes over and will promote the "integrated" Global Strategy layout of Dahua Hong.
① Today, the Shanghai Municipal People's Government issued a notice indicating the removal of Zhang Suxin from the position of Director of HUA HONG GROUP, and Qin Jian, Chairman of Shanghai Lianhe Investment, will take over; ② Zhang Suxin is 60 years old and during her 8 years at HUA HONG GROUP, the 12-inch production line of HUA HONG SEMI was established and listed on the Star, with the number of employees in the group exceeding ten thousand.
Semiconductors are soaring across the board! Semiconductor Manufacturing International Corporation rises over 10% as the Industry welcomes a "dual drive of investment and application."
① The semiconductor sector in the A-shares and Hong Kong stocks surged collectively, with Espressif Systems, Starry Technology, Peak Technology, Cambricon, and SFTP seeing their stock prices reach historic highs during trading. ② Cambricon has become the second highest stock in the A-shares market, with a year-to-date increase of over 388%, exceeding NVIDIA and Broadcom. ③ SEMI recently pointed out that investments in mainland China related to AI are beyond expectations.
What happened? Hong Kong stocks in the Technology and semiconductor sectors suddenly surged, with Semiconductor Manufacturing International Corporation skyrocketing by over 10%.
According to market rumors, the USA may introduce a new update to AI export controls in the next few days, which is said to possibly involve two aspects. One is the implementation of licensing requirements for the contract manufacturing of 7nm chips. The other is the establishment of global export restrictions for GPUs, meaning in the future, non-allied countries may only be able to purchase from companies on the VEU whitelist.
Express News | Semiconductor Manufacturing International Corporation's stock price in Hong Kong has increased by 9%, currently reported at 28.5 Hong Kong dollars, with a trading volume exceeding 4.3 billion Hong Kong dollars.
Express News | Hong Kong stocks in the semiconductor sector rose in early trading, with Semiconductor Manufacturing International Corporation up more than 4%, HUA HONG SEMI and SHANGHAI FUDAN both rising over 2%.
Express News | Hong Kong stocks in the semiconductor sector rose collectively, with HG SEMI up more than 9%, Semiconductor Manufacturing International Corporation, HUA HONG SEMI, and SHANGHAI FUDAN each up over 2%.