AI Chip Concept Stocks Watch丨HUA HONG GRACE (01347.HK) Plunges Over 10%, Overseas Semiconductor and Other Sectors Weaken Collectively

NewTimeSpace (newtimespace.com) reported that on July 2, 2026, the semiconductor theme in Hong Kong stocks continued to decline in the afternoon, with HUA HONG GRACE (01347.HK) falling sharply. As of 13:42, the stock was quoted at HKD 186.500, down 13.34%.

On the news front, the first trading day of the third quarter in the U.S. stock market saw extreme divergence, with major indices all closing lower. "Picks-and-shovels" players such as memory chipmakers and semiconductor hardware suppliers faced concentrated selling, and leading memory stocks dropped sharply.

Nomura recently stated in an in-depth semiconductor report that cloud vendors will still find it difficult to stop expanding in 2027. The iteration of AI models, growth in inference demand, expansion of data center construction plans, and tight supply in memory and advanced packaging will all drive cloud vendors to continue locking in resources for chips, packaging, substrates, memory, and servers.

HUA HONG GRACE (01347.HK)Specializes in specialty process wafer foundry, offering customized manufacturing of power discretes, embedded non-volatile memory, analog and power management ICs. Its 8-inch and 12-inch production lines serve automotive, industrial control and data center power management applications. The company holds multiple automotive-grade quality certifications and provides mass production foundry services to various domestic and international automotive clients. Its overall capacity utilization has remained high over an extended period.

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