Hua Hong Semiconductor Surges Over 6%, Strong PMIC Demand in North America Boosts Performance, Quarterly Revenue Reaches $56.43 Million, Up 22.0%

Hua Hong Semiconductor (01347) surges over 6%, with a price increase of 2.47% as of the time of writing, currently reporting at HKD 43.94, with a trading volume of HKD 15.51 billion.

CICC previously published a research report stating that Hua Hong Semiconductor's quarterly revenue in North America reached $56.43 million, up 22.0% year-on-year, primarily driven by the increasing demand for other power management products (PMIC). The company's management indicated that its overseas PMIC product applications are mainly focused on the AI market, with revenue growth benefiting from the strong trend of AI development. The report noted that the company is expected to further cooperate with more foreign semiconductor companies through a collaboration project with STMicroelectronics.

The company pointed out that its 12-inch new production line has been steadily ramping up, with management expecting to reach 20,000-30,000 units per month by mid-2025 and exceed 40,000 units per month by the end of the year. In the first quarter of 2026, it is expected to reach 60,000 units per month, with a peak production capacity of 70,000 units per month in the middle of the year. Additionally, the company has promised to acquire its parent company's 12-inch wafer fabrication subsidiary, Hua Li Micro, which is expected to be completed by the end of 2026. The new assets will help strengthen the company's competitiveness and boost its performance.