HK Stock Market Move | Chip stocks mostly rose Shanghai Fudan (01385) surged over 7% Semiconductor Manufacturing International Corporation (00981) rose more than 4%

Most chip stocks are rising, as of the time of this report, SHANGHAI FUDAN (01385) is up 7.41% at 41.6 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) is up 4.2% at 72 Hong Kong dollars; and HUA HONG SEMI (01347) is up 3.56% at 78.5 Hong Kong dollars. In terms of news, according to Global Times, Huang Renxun, CEO of NVIDIA, recently stated that due to US export controls, the company's market share of high-end chips in China has dropped from 95% to 0%. In addition, the third-quarter report of Cambricon in 2025 showed a year-on-year revenue growth of 2386.38%; TSMC's net profit in the third quarter reached 452.3 billion New Taiwan dollars, setting a new record for the company, with a year-on-year growth of 39.1%. Huajin Securities believes that they continue to be optimistic about the semiconductor supercycle driven by artificial intelligence and recommend paying attention to the entire semiconductor industry chain. CMSC believes that with the continued strengthening of export controls by the United States, the domestic process of self-controllability is accelerating. At the same time, there is hope for the expansion of domestic more advanced production lines in 2026, which is expected to drive positive expectations for orders in the domestic equipment/components sector and the domestic substitution process.