Hua Hong Grace Semiconductor Ltd Shs Unitary 144A/Reg S

01347: XHKG (HKG)
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Chinese Foundries Lift AI Peripheral Chips, Increase Fair Value Estimates on Better Pricing Outlook

June-quarter sales and gross margins of Semiconductor Manufacturing International Corporation and Hua Hong Semiconductor topped guidance. Both firms cited demand for peripheral chips in AI applications as the largest driver, and price hikes will continue.

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