HK Stock Market Move | Suzhou Novosense Microelectronics (02676) rose more than 12% and broke through the resistance level. The semiconductor price increase trend is spreading to power management ICs, and the company continues to expand its revenue exposure in AI power supplies.

Suzhou Novosense Microelectronics (02676) rose more than 12% in the afternoon, hitting a high of 235.4 Hong Kong dollars in intraday trading, setting a new record high for the company's listing. As of the time of writing, the stock was up 9.44% to 227.2 Hong Kong dollars, with a turnover of 2.62 billion Hong Kong dollars. On the news front, according to market media reports, major companies such as Texas Instruments, NXP Semiconductors, MPS, and MediaTek's subsidiary Richtek are planning to raise product prices in June and July. Companies such as Maxim Integrated and Silergy have also started price negotiation. Recently, the wave of price increases in the semiconductor industry has spread to the power management IC and core materials sectors. It is worth noting that this round of price increases is not driven by strong end demand, but mainly by the increase in costs in the wafer foundry and packaging and testing stages. Previously, MCU and driver IC prices had already risen, and now power management ICs are following suit. Guosheng predicts that as the power of AI servers continues to increase, the ASP of power-related analog chips will also continue to rise, and Suzhou Novosense Microelectronics will continue to expand its revenue exposure in the AI power sector with its forward-looking product layout.