Understanding the Market | Hua Hong Semiconductor rose nearly 8% in early trading, reaching a new high. Recently announced a restructuring with Huali Microelectronics. Goldman Sachs stated that the company has negotiated price increases with clients
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HUA HONG SEMI rose nearly 8% in the morning session, reaching a new high of HKD 71.4, currently reported at HKD 69.9, with a trading volume of HKD 1.641 billion. The company recently announced a restructuring with Huali Microelectronics to enhance its 12-inch wafer foundry capacity. Goldman Sachs pointed out that although the average product price is declining in 2023, it is expected that the capacity utilization rate will exceed 100% from the third quarter of 2024 to the second quarter of 2025. HUA HONG has negotiated price increases with customers, and prices are expected to gradually rise in the future
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