Zhitong Financial APP learned that chip stocks collectively rose in the afternoon. As of press time, Huahong Semiconductor (01347) rose 7.7playingcardmachine.65%, quoted at HK$19.14playingcardmachine; Contron (01912) rose 5.88% to HK$0.054; SMIC (00981) rose 5.74% to HK$16.22; and Crystal Gate Semiconductor (02878) rose 1.85% to HK$0.275.
On the news front, the National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was officially established on May 24 with a registered capital of 344 billion yuan. The third phase of the large fund will increase investment in core technologies and key components, and will also focus on docking and integration with international advanced technologies.
In addition, Counterpoint Research believes that the semiconductor industry has shown signs of recovery in demand in the first quarter of 2024. Although this progress is relatively slow, channel inventories have normalized after several consecutive quarters of destocking. Nomura believes that if the cyclical technological recovery expands to other electronic terminal markets, it will support semiconductors to enter the next rising cycle, from the second half of this year to 2025. Driven by AI demand, the cyclical recovery of the terminal market will expand from artificial intelligence servers to other major computing areas such as traditional servers, personal computers and smartphones.