HK Stock Market Move | Suzhou Novosense Microelectronics (02676) rose more than 8% and broke through the top recently, and was recently included in the Hong Kong stock connect. It is expected that simulated chips will enter a period of price increase.

Suzhou Novosense Microelectronics (02676) rose more than 8%, reaching a new high of 139.7 Hong Kong dollars. As of the time of reporting, it rose 8.47% to 137 Hong Kong dollars, with a trading volume of 100 million Hong Kong dollars. On the news front, the Shanghai Stock Exchange and the Shenzhen Stock Exchange recently announced that Suzhou Novosense Microelectronics will be included in the list of stocks eligible for trading under the Shanghai-Hong Kong Stock Connect mechanism, effective from January 5th, as the stability period in the Hong Kong market ended and its corresponding A-share listing completed 10 trading days. According to data from Frost & Sullivan, Suzhou Novosense Microelectronics ranks fifth among Chinese analog chip manufacturers in terms of revenue in 2024 and is the only company among the top ten domestic manufacturers that focuses on three major product lines: sensors, signal chain chips, and power management chips. Open Source Securities previously pointed out that Analog Devices (ADI) recently issued a price adjustment notice to its customers, planning to launch a price increase mechanism for its entire product lineup starting from February 1, 2026, with an overall average increase of about 15%. Previously, the leading analog chip manufacturer Texas Instruments (TI) had already raised prices by 10% to over 30% in the third quarter. The main reason for this price increase by ADI is the increase in costs from various aspects. From the downstream demand perspective, the slow recovery in the industrial control and automotive sectors, and the demand for high-power and high-current analog chips driven by AI data centers. The company believes that in 2026, with the continued recovery of downstream demand and the maintenance of high AI capital expenditure, there are opportunities for upward demand and prices in the domestic analog market.