Daiwa: Huahong Semiconductor (01347) slightly affected by new U.S. export restrictions, rated "in line with the market"

According to the Wisdom Financial APP, Morgan Stanley released a research report stating that in response to media reports that the United States requested several chip equipment companies to stop shipping certain tools to China's second largest chip maker, Huahong Semiconductor (01347), the bank believes that this move has a slight impact on Huahong's Fab 9B because it focuses on 40 to 55 nanometer mature nodes, rather than advanced nodes. The bank maintains a "synchronized with the market" rating for Huahong Semiconductor with a target price of HK$88.