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Changes in Hong Kong stocks | Huahong Hongli (01347) rose more than 5% in the intraday period starting today, the Lantao Law is expected to drive demand for advanced process wafers
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The Zhitong Finance App learned that Huahong Hongli (01347) was up more than 5%. As of press release, it had risen 4.56% to HK$114.7, with a turnover of HK$1,763 billion.

According to the news, according to Hang Seng Index's announcement on August 21, Huahong Hongli was included as a constituent stock of the Hang Seng Index, and the changes officially took effect today (September 7). It is worth noting that on September 4, He Tingbo, head of Huawei semiconductors, updated his paper on the law of (Tao) to respond positively to questions about the heat generation of 3D stacked chips. Open Source Securities said that it is recommended to focus on Fab, CP testing and additional equipment. Fab side: Tao's law directly drives demand for advanced process wafers, and Tao's law's design innovation mainly comes from the cooperative research and development of Qiandao fab.

Furthermore, Huahong Hongli recently revealed that the company plans to build the third phase of the Wuxi project. The project has a total investment of 6.95 billion US dollars. It uses the company's existing production and power plant in Wuxi to build a clean room and power system, and is equipped with corresponding process equipment, measurement and auxiliary equipment, automatic handling systems and production management systems. It adheres to independent research and development and appropriate introduction methods to build a 12-inch characteristic process technology platform with a monthly production capacity of 55,000 pieces.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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