According to reports, preparing to produce 7-nanometer chips, Hua Hong Semiconductor surged nearly 6%

According to a report by Reuters citing sources, Hua Hong Group has developed advanced 7-nanometer chip manufacturing technology that can be used for producing AI chips, marking a significant milestone for China in enhancing its technological self-sufficiency. Following the news, Hua Hong Semiconductor (01347.HK) saw its stock price surge, reaching a high of HKD 39, currently reported at HKD 93.15, up 5.85%, with a trading volume of 37.9251 million shares, involving HKD 3.546 billion.

It is reported that Hua Hong's chip foundry company, Shanghai Huahong, is preparing to mass-produce 7-nanometer chips at its Shanghai factory, making it the second chip manufacturer in China to possess this advanced technology after SMIC (00981.HK).

Sources indicate that Hua Hong plans to produce thousands of 7-nanometer chips monthly by the end of this year and intends to further increase production capacity thereafter. Currently, BIREN TECH (06082.HK) is using Huahong's 7-nanometer production line for tape-out, which is the process of turning chip designs into physical prototypes for testing before commencing large-scale production. BIREN TECH's stock price reached a high of HKD 34, currently reported at HKD 33.76, up 4.65%, with a trading volume of 3.8304 million shares, involving HKD 126 million.

Other chip stocks in Hong Kong are also performing well, with INNOSCIENCE (02577.HK) currently reported at HKD 63.7, up 2.99%. GIGADEVICE (03986.HK) is currently reported at HKD 419.2, up 15.16%. SMIC (00981.HK) is currently reported at HKD 62.75, up 0.88%