Changes in Hong Kong stocks | Chip stocks are rebounding across the board, and TSMC plans to raise mature process quotes, Capex increases once again confirm the AI boom

The Zhitong Finance App learned that chip stocks rebounded across the board. As of press release, Huahong Semiconductor (01347) rose 15.82% to HK$165.5; Crystal Integrated (02249) rose 8.85% to HK$32.22; SMIC (00981) rose 8.24% to HK$75.5; and Shanghai Fudan (01385) rose 6.28% to HK$26.74.

According to reports, according to reports, TSMC may raise the price of mature process chips in early 2027. This will be the first price adjustment operation for non-advanced manufacturing processes in more than three years. It also means that the demand boom in AI-driven semiconductors is spreading from fields such as GPUs and high-performance computing to mature processes such as power management chips and power devices.

Furthermore, TSMC simultaneously raised the three-year revenue, AI demand outlook, and capital expenditure guidelines. Northeast Securities pointed out that the rise in TSMC Capex once again confirms the boom in AI, and the shortage is not limited to advanced manufacturing processes: AI data centers drive demand for PMICs and sensors, and there is also a shortage of mature manufacturing processes. Domestic fabs are expected to follow two main lines: one is to expand production with advanced manufacturing processes to take on the spillover of AI computing power demand and localization support; second, price increases in mature processes, and the double increase in capacity utilization and ASP will drive profit recovery, and they are optimistic about related fabs.