HK Stock Market Move | Chip stocks collectively strengthened with Montage Technology (06809) surging more than 14% and Semiconductor Manufacturing International Corporation (00981) rising nearly 5%.

Chip stocks collectively strengthened, as of the time of publication, Montage Technology (06809) rose 14.4% to 260.6 Hong Kong dollars; Semiconductor Manufacturing International Corporation (00981) rose 4.95% to 25.44 Hong Kong dollars; HUA HONG SEMI (01347) rose 4.44% to 112.9 Hong Kong dollars; GigaDevice Semiconductor Inc. (03986) rose 3.87% to 466.8 Hong Kong dollars. In terms of news, DeepSeek V4 recently released a preview. Opensource Securities stated that V4-Pro performed well in multiple core benchmark tests, with performance comparable to top closed-source models. According to test feedback, the user experience is better than Sonnet 4.5, and the delivery quality is close to Opus 4.6 in non-thinking mode. Its comprehensive open-source strategy and extreme cost control force global AI companies to re-examine their high-cost technology paths, driving model iteration acceleration, and it is expected to accelerate the development of other countries' domestic chip industries, potentially speeding up the internationalization of Chinese tokens. Lyon released a research report stating that the preview versions of the DeepSeek V4-Pro and V4-Flash models have officially launched and are simultaneously open-source. Combined with Texas Instruments and Intel's first-quarter performance and second-quarter guidance both exceeding expectations, it confirms that China's advanced process capacity expansion is progressing smoothly. The bank believes that overall analog chip demand is recovering, and if demand remains strong, prices are likely to continue to rise. With the development of local AI large models and the trend of domestication of AI chip groups driving, it is expected that local wafer foundries will become the main beneficiaries.