AI Chip Concept Stocks Watch | HUA HONG GRACE (01347.HK) swung more than 10%; institutions believe domestic computing power will develop rapidly under AI drive

NewTimeSpace (newtimespace.com) News, on August 19, 2026, the chip theme weakened sharply, with HUA HONG GRACE (01347.HK) plunging amid volatility. As of 13:33, the company's quote stood at HK$112.900, down 12.41%.

On the news front, overnight the three major US indices closed lower, the technology sector sold off across the board, the memory-chip segment pulled back rapidly from highs, and China-concept stocks trended lower after a weak open. Additionally, Samsung Electronics, SK Hynix, and Micron have simultaneously scaled back or canceled plans to commercialize CXL controllers. This market gap is expected to be filled by fabless companies such as MONTAGE TECHNOLOGY, Astera Labs, and PrimeMars.

Soochow Securities (SCS) stated that AI is driving a strong upcycle in overseas semiconductor equipment, and domestic equipment will benefit from the dual logic of industry beta and domestic substitution. Overseas AI is accelerating earnings realization for overseas players; under the AI drive, domestic computing power will develop rapidly, bringing new demand for advanced-process and advanced-packaging-and-testing equipment; the complexity of SoC chip design and manufacturing has increased substantially, placing higher demands on test equipment; and advanced packaging technologies such as CoWoS and HBM are developing rapidly.

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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