SHA:688012

Market Chatter: SK hynix and Samsung Test Chinese Chip Gear Amid U.S. Export Risks

Samsung (KRX:005930) and SK Hynix (KRX:000660) are testing Advanced Micro-Fabrication Equipment or AMEC's (SHA:688012) etching gear at their China facilities to hedge against possible U.S. export curbs, Reuters reported Wednesday, citing three people close to the matter.The evaluation process, which began roughly two years ago amid growing policy uncertainty, has not yet led to broader adoption decisions, the news wire said.If successful, these trials could give the Chinese supplier a significant credibility boost from two of the global semiconductor industry's biggest players, the publication said.Samsung, SK Hynix, AMEC, and the Bureau ​of Industry and Security (BIS), which enforces the U.S. government's export controls, did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

AMEC Expects H1 Profit to Soar Up to 311%

Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, expects its net profit attributable to shareholders for the first half to surge by between 282% and 311% year on year to a range of 2.70 billion yuan to 2.90 billion yuan, according to a Tuesday disclosure on the Shanghai bourse.The chip gear maker's operating revenue is expected to jump 35% to 6.69 billion yuan.

Tech Rally Continues to Drive Chinese Shares; AMEC Shares Jump 4%

Chinese shares again rose on Thursday, driven by a rally in technology stocks stemming from U.S. memory chipmaker Micron Technology's upbeat outlook.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,120.28. The Shenzhen Component Index jumped 1.8% to 16,344.08.The SSE STAR 50 Index, the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher on the back of optimism over the sustained demand for artificial intelligence-related chips.Micron, which supplies Nvidia's AI chipsets, on Wednesday issued quarterly guidance well above Wall Street estimates and disclosed US$22 billion in customer commitments to lock in memory chip inventories, Reuters reported. The news sent its stock soaring 12% after hours.The bullish forecast reinforced the view that AI-driven memory chip demand remains resilient, despite lingering jitters over heavy AI infrastructure outlays, according to the report.Meanwhile, China's Ministry of Commerce rolled out new regulations for investigating industrial and supply chain security, in a bid to protect global supply chain stability. The 22-article framework lays out scope, procedures, and remedies for security probes, giving businesses a transparent rulebook to follow.In company news, Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, raised net proceeds of approximately 1.49 billion yuan from a share placement, which is part of the company's plan to acquire 64.69% of AMEC Zhonggui (Hangzhou) Electronic Technology. Shares of the chip gear maker closed 4% higher Thursday.

AMEC Raises 1.49 Billion Yuan in Net Proceeds From Share Placement; Shares Jump 6%

Advanced Micro-Fabrication Equipment China (SHA:688012) or AMEC raised net proceeds of approximately 1.49 billion yuan from a share placement, according to a Shanghai bourse filing on Thursday.The share placement was part of the company's plan to acquire 64.69% of AMEC Zhonggui (Hangzhou) Electronic Technology. The transaction will also be partly settled with cash.The Chinese chip gear maker placed 5,156,765 shares for 290.88 yuan per share to four investors, SDIC Jixin (Beijing) Equity Investment Fund (Limited Partnership), Shanghai Pudong Emerging Industry Investment, Shangrong (Ningbo) Investment Center (Limited Partnership) and Guosen Securities (Hong Kong) Asset Management.The company's shares jumped over 5% during the morning trade.

Advanced Micro-Fabrication Equipment Completes Hangzhou Zhonggui Electronic Stake Purchase; Shares Fall 6%

Advanced Micro-Fabrication Equipment China (SHA:688012) completed the acquisition of a 64.69% stake in Hangzhou Zhonggui Electronic Technology, moving forward with its share-and-cash acquisition plan.The company will now issue new shares to transaction counterparties and issue shares to raise supporting funds, according to a Sunday filing with the Shanghai bourse.Shares of the chip gear maker declined 6% in recent trade.

AMEC to Acquire 64% of Zhonggui Electronic Tech for 1.6 Billion Yuan

Advanced Micro-Fabrication Equipment China (SHA:688012) or AMEC plans to acquire 64% of Hangzhou Zhonggui Electronic Technology for 1.58 billion yuan, according to a Shanghai bourse filing on Wednesday.The stake will be acquired from 41 investors through share placement and cash.

Jefferies Adjusts Advanced Micro-Fabrication Equipment China's Price Target to 415 Yuan from 368 Yuan, Keeps at Buy

AMEC's Q1 Profit Surges 197% on Gains from Stake Sale

Advanced Micro-Fabrication Equipment China or AMEC (SHA:688012) saw a nearly threefold increase in profit in the first quarter of 2026, boosted by asset sales and rising demand for advanced etching tools.Attributable profit surged 197% to 930.5 million yuan in the first quarter from 313.1 million yuan in the year-ago period, according to a Shanghai bourse filing on Tuesday.The Chinese chip gear maker's earnings per share nearly tripled to 1.47 yuan from 0.50 yuan in the prior-year period.Revenue jumped 34% year over year to 2.91 billion yuan from 2.17 billion yuan, close to the average annual revenue growth of more than 35% for the past 14 years, AMEC said.Research and development expenses grew 32% or by 221 million yuan, year over year, equivalent to 31% of revenue for the quarter, the chip gear manufacturer said.AMEC also attributed its strong performance to net after-tax gains of 397 million yuan from the sale of part of its stake in TopJade Technology.Shipments of chipmaking equipment for etching of advanced logic and memory devices also grew during the period, AMEC said.The company was able to develop more than 300 etching machines for ultra-high aspect ratio etching processes, while it has also delivered its ultra-high aspect ratio cryogenic etching gear to clients for verification, according to the filing.The surge comes as China's semiconductor trade deficit rose 17% in the first quarter, helping strengthen the desire for more aggressive foundry capacity in the next five years, investment bank Jefferies said in a note April 23.Jefferies maintained a buy rating on AMEC, considering the company its top pick for Chinese wafer fab equipment manufacturers, as it is highly leveraged toward Chinese memory capital expenditure, the investment bank said.

AMEC's Q1 Profit Nearly Triples as Revenue Jumps 34%

Advanced Micro-Fabrication Equipment China or AMEC (SHA:688012) reported a 197% jump in net profit for the first quarter of 2026 to 930.5 million yuan from 313.1 million yuan a year earlier.Earnings per share nearly tripled to 1.47 yuan from 0.50 yuan, according to a Shanghai Stock Exchange filing on Tuesday.The Chinese chip gear maker posted a 34% increase in revenue to 2.91 billion yuan from 2.17 billion yuan.AMEC attributed its performance to the development of the semiconductor equipment market.The company said it witnessed a significant increase in new shipments of high-end products targeting key etching processes in advanced logic and memory device manufacturing during the quarter.