Huahong Semiconductor (01347) is now up nearly 5%. As of press release, it has risen 4.69% to HK$15.62, with a turnover of HK$487.407 million.
The Zhitong Finance App learned that Huahong Semiconductor (01,347) is now up nearly 5%. As of press release, it has risen 4.69% to HK$15.62, with a turnover of HK$487.407 million.
According to the news, on April 9, according to Counterpoint Research's semiconductor foundry service report, the revenue of the global foundry industry increased by about 10% month-on-month in the fourth quarter of 2023, but decreased by 3.5% year-on-year. The agency said that following a sharp decline in 2023, the foundry industry is expected to resume growth in 2024 as inventories continue to normalize. Strong demand for artificial intelligence and a moderate recovery in terminal demand will be the main growth drivers for the industry in 2024.