AI Chip Concept Stocks Watch丨HUA HONG GRACE (01347.HK) Surges Then Retreats, Omdia Forecasts China Semiconductor Market to Exceed USD 800 Billion in 2026

NewTimeSpace (newtimespace.com) reported that on July 7, 2026, the chip theme traded actively, with HUA HONG GRACE (01347.HK) surging then pulling back. As of 13:30, the stock was quoted at HKD 181.600, up 2.02%.

On the news front, the latest data from Omdia's "Semiconductor Application Area Market Forecast Tool (AMFT) – China Region, Q2 2026" report, released today (July 7), shows that the year‑on‑year growth rate for China's semiconductor market in 2026 is expected to be significantly revised upward to 92.9%, reaching USD 812.08 billion. This represents an upward revision of USD 265.6 billion from the same firm's previous forecast of 31.26% growth and USD 546.5 billion, an increase of 48.6%.

Goldman Sachs stated in a report that it is optimistic aboutHUA HONG GRACE (01347.HK) and its growth prospects driven by rising equipment demand. The firm believes that capability improvements across various major models in the market, including Meituan‑W (03690.HK)'s latest release of LongCat 2.0, will drive demand for AI chips and data center power management chips, while the proliferation of generative AI will continue to boost related demand. Goldman Sachs expects Hua Hong to continue benefiting from rising AI demand.

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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