AI Chip Concept Stocks Watch | HUA HONG GRACE (01347.HK) down 4.03%, RMB 8.268 billion acquisition of Huali Microelectronics completed

NewTimeSpace (newtimespace.com) News, on 14 September 2026, AI chip stocks traded with volatility while HUA HONG GRACE (01347.HK) weakened. As of 13:58, the company quoted HKD 107.200, down 4.03%.

On the news front, the company disclosed in an announcement on the evening of 11 September that its acquisition of a 97.4988% equity interest in Shanghai Huali Microelectronics Corporation through share issuance has been completed: the issue price was RMB 43.34 per share with about 191 million shares issued, and the target equity was priced at RMB 8.268 billion, payable wholly in shares. Registration of the newly issued shares has been completed, making Huali Microelectronics a wholly-owned subsidiary held directly and indirectly by the company. Following the change, Hua Hong International and its concert parties saw their combined shareholding rise to 24.53% from 20.07%, with no change to the controlling shareholder or the de facto controller.

Goldman Sachs stated in a research report released on 14 September that, driven by generative AI and local demand, China's semiconductor industry capital expenditure will grow 10% to 15% between 2026 and 2030, reaching USD 82 billion by 2030; local GPUs will benefit from domestic AI demand and product upgrades, with China's potential AI chip market projected to post a compound annual growth rate of 69% from 2025 to 2030.

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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