Chip stocks collectively declined. As of press release, SMIC (00981) fell 5.62% to HK$15.78; Shanghai Fudan (01385) fell 3.87% to HK$11.92; and Huahong Semiconductor (01347) fell 3.27%. HK$15.96.
The Zhitong Finance App learned that chip stocks have collectively declined. As of press release, SMIC (00981) fell 5.62% to HK$15.78; Shanghai Fudan (01385) fell 3.87% to HK$11.92; and Huahong Semiconductor (01347) fell 3.27%. HK$15.96.
According to the news, TrendForce Jibang Consulting said that in 2023, due to high supply chain inventories, weak global economy, and slow market recovery, the foundry industry is in a downward cycle. The revenue of the top ten largest foundry companies decreased by about 13.6% per year to reach 111.54 billion US dollars. Driven by AI-related demand in 2024, revenue is estimated to increase by 12% per year to reach US$125.24 billion, while TSMC benefits from steady orders from advanced manufacturing processes, and the annual growth rate will be significantly better than the industry average.
China Merchants Securities said earlier that SMIC's performance in Double-U's second U is expected to be average, breaking out of the slump along with the semiconductor industry chain, and achieving steady and moderate growth under the combined effects of a gradual improvement in customer inventories and a continued recovery in demand for mobile phones and connectivity. However, looking at the market as a whole, the strength of the recovery in demand is not enough to support a strong overall rebound in semiconductors.