CHINA WILL IMPLEMENT THE INTERNET PLATFORM PRICING BEHAVIOR RULES STARTING TOMORROW, AIMING TO STANDARDIZE PRICING PRACTICES AND REGULATE COMPETITIVE BEHAVIOR

Hua Hong Semiconductor has room to further raise average selling prices in 2026, according to Daiwa Securities analysts. They cite incremental demand for mature nodes driven by artificial intelligence and a broader recovery in legacy chip demand. Despite recent increases, ASPs remain about 20% below 2022 peaks, leaving room for further gains. The analysts also expect increased asset injections over the next three to four years following Hua Hong’s acquisition of Shanghai Huali Microelectronics. Daiwa keeps a “buy” rating and lifts its target price to HK$116 from HK$110.

美股開盤，道指跌0.14%，標普500指數跌0.05%，納指漲0.06%。芯片板塊續漲，閃迪(SNDK.O)漲4.8%，Coreweave(CRWV.O)漲1.6%，公司與Meta擴大長期合作協議。納斯達克中國金龍指數跌0.7%。