HK Stock Market Move | Chip stocks continue recent gains, GigaDevice Semiconductor Inc. (03986) rose more than 12%, HUA HONG SEMI (01347) rose again over 4%.

Chip stocks continue their recent uptrend. As of press time, GigaDevice Semiconductor Inc. (03986) rose by 11.67% to HK$260.2; HUA HONG SEMI (01347) rose by 4.37% to HK$103.8; ASMPT (00522) rose by 3.62% to HK$98.7; Semiconductor Manufacturing International Corporation (00981) rose by 2.13% to HK$79. On the news front, according to CCTV news, on January 13th local time, the United States relaxed regulations on the export of NVIDIA H200 chips to China. Earlier, U.S. President Trump stated on social media that the U.S. government would allow NVIDIA to sell H200 artificial intelligence chips to China. It is reported that the sales to China will be subject to approval and security review by the U.S. Department of Commerce, and the U.S. will also charge fees for related transactions. FIRST SHANGHAI released a research report stating that the impact of the relaxation of regulations on H200 on the domestic computing power industry chain is very limited. This is mainly because H200's main application is in training, while the domestic computing power is mainly focused on small and medium-sized models, vertical model training, and inference application scenes, with low overlap between the two. In 2026, domestic computing power will be upgraded, with the new generation of products benchmarking against H100. H200 has a lower cost-effectiveness in the inference scene. In addition, domestic computing power is moving towards the super-node direction, further enhancing the cost-effectiveness of domestic computing power.