15 stories mentioning SHA:688347Updated 8d ago
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Hua Hong Semiconductor (SHA:688347, HKG:1347) said Shanghai IC Fund acquired 30.8 million of the company's domestic shares, or 5.14% of total domestic shares.The acquisition stems from Hua Hong Semiconductor's share issuance to purchase 97.50% equity in Shanghai Huali Microelectronics from four shareholders, according to a weekend filing with the Shanghai bourse.
(Updates to add details about the deal compensation)Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) completed the acquisition of 97.5% of Shanghai Huali Microelectronics Corporation, according to a Shanghai bourse filing over the weekend.The company fulfilled the consideration of 8.27 billion yuan for the deal through the issue of 190.8 million China-listed shares, bringing its total number of shares to nearly 1.93 billion.Huali Microelectronics received a new business license after the transaction.
Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) completed the acquisition of 97.5% of Shanghai Huali Microelectronics Corporation, according to a Shanghai bourse filing on the weekend.The Chinese semiconductor company's Hong Kong shares jumped 5%, while Shanghai shares rose 2% during Monday's morning trade.Huali Microelectronics received a new business license after the transaction.
Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) agreed to invest $2.13 billion in a Wuxi joint venture that will develop a 12-inch wafer production line, according to a Tuesday Hong Kong bourse filing.The company and its wholly owned subsidiary, HHGrace Shanghai, will invest $1.04 billion and $1.08 billion, respectively, in the Wuxi JV III.The joint venture will have total equity capital of $4.17 billion and total investment of $6.95 billion, with the remainder funded through debt.The JV will have a monthly production capacity of about 55,000 wafers and will manufacture and sell integrated circuits and provide related design and services.Upon completion, Hua Hong Grace and HHGrace Shanghai will hold 25% and 26% stakes, respectively, giving the group an overall 51% interest in the venture.
Hua Hong Semiconductor's (SHA:688347, HKG:1347) attributable profit ballooned 437%, or 5.4 times, to 398.8 million yuan in the first half from 74.3 million yuan in the year-ago period, according to a Thursday filing with the Shanghai Stock Exchange.Earnings per share at the semiconductor maker increased to 0.23 yuan from 0.04 yuan in the prior-year period.Operating revenue grew 19% year over year to 9.57 billion yuan from 8.02 billion yuan.
Hang Seng Indexes Company will add Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) and Weichai Power (HKG:2338, SHE:000338) to the Hang Seng Index, increasing the number of constituents to 95 from 93, according to the quarterly index review on Friday.The changes will be implemented after the market closes on Sept. 4 and will take effect on Sept. 7.There will be no changes to the 50-member Hang Seng China Enterprises Index.Shanghai Iluvatar CoreX Semiconductor (HKG:9903) will join the 30-member Hang Seng TECH Index, replacing Tongcheng Travel (HKG:0780).
Hua Hong Semiconductor (SHA:688347) has an average rating of overweight and mean price target of 134.04 yuan, according to analysts polled by FactSet.
Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) recorded a 386% surge in profit attributable to owners of parents in the second quarter to $38.6 million from $8 million a year prior.Earnings per share increased to $0.022 from $0.005 previously, according to a Thursday Hong Kong bourse filing.Revenue jumped 27% to a record high of $717.5 million from $566.1 million in the year-ago period, driven mainly by a rise in wafer shipments and improved average selling price.The company expects revenue of between $770 million and $780 million for the third quarter of 2026.Hua Hong Grace recently received registration approval from the China Securities Regulatory Commission for the acquisition of Huali Microelectronics.
A Chinese state-backed company has begun manufacturing immersion deep ultraviolet lithography machines, equipment largely supplied by Dutch company ASML, The Information reported Monday, citing two people familiar with the situation.The machines are set to be delivered to Semiconductor Manufacturing International (HKG:0981, SHA:688981), Hua Hong Semiconductor (HKG:1347, SHA:688347), and newly listed ChangXin Memory Technologies (SHA:688825), according to the report, citing the sources.The homegrown DUV tools are expected to help reduce China's reliance on foreign technology for chip manufacturing, the report said.ASML, Hua Hong Semiconductor, SMIC, and CXMT did not immediately respond to requests for comment from.(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.)
Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) received approval from the China Securities Regulatory Commission to issue shares to acquire 97.5% of Shanghai Huali Microelectronics, according to a Hong Kong bourse filing on Wednesday.The company's Shanghai shares surged 7%, while its Hong Kong shares jumped nearly 6% late Thursday morning.To fund the acquisition, Hua Hong will issue 190,768,392 new A-shares at 43.34 yuan per share to four selling institutional investors, including its parent entity, Huahong Group.The issuance represents 9.89% of the company's enlarged A-share capital. In line with the asset purchase, the board has approved a separate private placement to raise up to 7.56 billion yuan in matching funds to support the integrated entity's future capital requirements.
Hua Hong Grace Semiconductor (HKG:1347, SHA:688347) plans to acquire approximately 97.5% of Shanghai Huali Microelectronics for a consideration of 8.27 billion yuan, according to a Shanghai bourse filing on Tuesday.Shanghai Huali Microelectronics produces 12-inch integrated circuit wafer foundry products.The consideration will be funded through the placement of 190,768,392 shares for 43.34 yuan per share.The funds will be used to pay the investors currently owning Huali, Huahong Group, Shanghai Integrated Circuit Fund, National IC Fund Phase II and SDIC Pioneer Fund.The semiconductor company's Shanghai shares jumped 4%, while Hong Kong shares rose 1% during the midday trade.
Hua Hong Semiconductor (HKG:1347, SHA:688347) changed its English name to Hua Hong Grace Semiconductor, effective May 27, according to a Wednesday filing with the Hong Kong bourse.Shares of the semiconductor company were up over 5% in Thursday afternoon trading.The firm's stock short name will be changed to HUA HONG GRACE from "HUA HONG SEMI" effective June 8.
Hua Hong Semiconductor's (HKG:1347, SHA:688347) attributable profit surged 458% to $20.9 million in the first quarter of 2026 from $3.8 million a year prior, according to a Thursday Hong Kong bourse filing.Earnings per share were $0.012, up from $0.002 in the corresponding period of the previous fiscal year.Revenue climbed 22% to $660.9 million from $540.9 million in the year-ago period, driven mainly by a rise in wafer shipments and an improved average selling price.The semiconductor firm expects a revenue of between $690 million and $700 million for the second quarter of 2026.
The U.S. Department of Commerce has ordered equipment suppliers, including Lam Research, Applied Materials, and KLA, to immediately stop shipping advanced tools to Hua Hong Semiconductor (HKG:1347, SHA:688347), Reuters reported Tuesday, citing two people familiar with the matter.The move targets Hua Hong facilities that U.S. officials believe may produce China's most sophisticated chips, according to the report.Last month, Reuters reported, citing sources, that Hua Hong's contract chipmaker Huali Microelectronics is preparing to launch its 7-nanometer chipmaking process at its Shanghai plant.The Commerce Department's letters to suppliers also seek to prevent shipments to Huali, sources told Reuters.Hua Hong's shares fell 5% in Shanghai and 4% in Hong Kong Wednesday morning.(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.)
