Hong Kong stock movement: INNOSCIENCE fell 10.67%, hit by dual blows from patent litigation shadows and a reversal in market sentiment

Hong Kong Stock Movement INNOSCIENCE fell 10.67%. Based on recent key news: On May 15, INNOSCIENCE made progress in its 800V DC server business; however, some unfavorable rulings in patent litigation affected market sentiment, leading to stock price fluctuations. Source: CLSA Report On May 13, the Hong Kong tech sector strengthened, and INNOSCIENCE surged over 18% at one point, but market sentiment shifted, causing the stock price to retreat. Source: Soochow Securities Co., Ltd. On May 14, INNOSCIENCE's large trades were priced below the previous closing price, indicating market caution regarding its short-term prospects. Source: Economic Information Daily. The AI industry chain remains hot, with significant impacts from macro liquidity. Stocks with High Trading Volume in the Industry SMIC fell 0.14%. Based on recent news, On May 14, SMIC announced its Q1 2026 results, with sales revenue of $2.506 billion, an annual increase of 11.5% and a quarterly increase of 0.7%. The gross margin was 20.1%, narrowing by 2.4 percentage points year-on-year. Despite good performance, the decline in gross margin raised market concerns, leading to a drop in stock price. On May 12, SMIC announced plans to acquire 49% of the equity of SMIC North Integrated Circuit Manufacturing (Beijing) through a share issuance, and the transaction has been approved by the M&A Review Committee of the Shanghai Stock Exchange. This news has a positive impact on the company's future development, but the market reaction in the short term is not significant. On May 15, SMIC's CEO Zhao Haijun stated at the earnings briefing that the AI boom is driving demand for power management and data transmission chips, and the company is more optimistic about its overall operations this year. Nevertheless, the market still has doubts about short-term profitability, affecting stock performance. The semiconductor industry shows strong demand, with high market volatility risks. Huahong Semiconductor fell 8.82%. Based on recent news, On May 14, Huahong Semiconductor released its Q1 2026 results, with sales revenue reaching $660.9 million, a year-on-year increase of 22.2% and a quarter-on-quarter increase of 0.2%; profit attributable to the parent company was $20.9 million, up 458.1% year-on-year and 19.9% quarter-on-quarter. Despite strong performance, higher market expectations led to a drop in stock price. On May 14, Dr. Bai Peng, Chairman and CEO of Huahong Semiconductor, stated that the global semiconductor industry is accelerating its evolution, with significant demand driven by artificial intelligence intertwined with uncertainties in the global supply chain, creating a complex market environment. Although the company performs well in 12-inch capacity and 8-inch production lines, market uncertainties about the future remain, affecting stock prices. On May 15, CLSA published a research report stating that Huahong Semiconductor will continue to benefit from strong growth in artificial intelligence and the trend of domestic substitution, but its Q2 revenue guidance is below market expectations, leading to insufficient investor confidence and pressure on stock prices. The overall performance of the semiconductor industry is active, with significant capital inflows Lattice Semiconductor fell 11.15%. Based on recent key news: On May 8, Morgan Stanley reduced its holdings in Lattice Semiconductor by 248,684 shares, putting pressure on the stock price. After the reduction, the holding ratio dropped to 5.74%, raising market concerns about the company's future performance. On May 13, Goldman Sachs raised the target price for Lattice Semiconductor, expecting its net profit compound annual growth rate to reach 38%. This report drove a short-term rebound in the stock price but failed to offset the overall downward trend. On May 14, Lattice Semiconductor held an earnings briefing, announcing a 61.3% year-on-year increase in net profit for the first quarter. Despite the impressive performance, the market still has doubts about the overall volatility in the chip industry. The AI industry chain remains hot, with significant capital inflow. Stocks ranked at the top of the industry by market capitalization GigaDevice fell 2.00%, with a market capitalization of HKD 360.4 billion, and there have been no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation