Chip stocks rebounded today. As of press release, Jingmen Semiconductor (02878) rose 4% to HK$0.26; Shanghai Fudan (01385) rose 2.87% to HK$10.76; SMIC (00981) rose 2.53% to HK$15.38; and Huahong Semiconductor (01347) rose 2.38% to HK$16.38.
The Zhitong Finance App learned that chip stocks rebounded today. As of press release, Jingmen Semiconductor (02878) rose 4% to HK$0.26; Shanghai Fudan (01385) rose 2.87% to HK$10.76; SMIC (00981) rose 2.53% to HK$15.38; and Huahong Semiconductor (01347) rose 2.38% to HK$16.38.
According to the news, the research institute Tech Insights said that in 2023, the global semiconductor industry's capital expenditure was about 160 billion US dollars, a year-on-year decline, but capital expenditure is expected to rise slightly in 2024 to more than 1,600 US dollars. The semiconductor industry's average capacity utilization rate in 2023 was around 73.3%, and is expected to grow to 83.3% in 2024.
Furthermore, on January 18, TSMC announced its financial report for the fourth quarter of 2023 and held a legal conference. The fourth quarter of 2023 achieved revenue of 19.624 billion US dollars, a year-on-year decrease of 1.5%, exceeding the revenue guidelines of 18.8-19.6 billion yuan given by management, and an increase of 13.6% over the previous month. TSMC President Wei Zhejia said that TSMC will continue to expand advanced packaging production capacity this year, and the plan is to double but supply is still in short supply. At the same time, the output value of the semiconductor industry excluding the memory chip industry is expected to increase by more than 10% year on year in 2024, and the wafer foundry industry will increase 20% year on year.