AI Chip Concept Stocks Insight | HUA HONG GRACE (01347.HK) down 5.07%, UMC sees mature-node prices up about 10% in 2027

NewTimeSpace News, on 29 October 2026, AI chip stocks pulled back, and HUA HONG GRACE (01347.HK) weakened. As of 13:19, the company quoted HKD 66.450, down 5.07%.

On the news front, the company has no recent news of its own; within the sector, on 28 October 2026 UMC reported third-quarter results, with consolidated revenue of NTD 74.24 billion, up 8.0% quarter on quarter and 25.6% year on year; a gross margin of 30.4% and an operating margin of 25.1%; capacity utilisation of 92%; and wafer shipments of about 1.2 million 12-inch equivalent wafers, a record high, with 22nm and 28nm processes accounting for 35% of revenue.

In addition, UMC's chief executive said at the accompanying earnings conference that the blended average selling price for mature nodes is expected to rise about 10% year on year in 2027, that both 8-inch and 12-inch businesses have clear room for price improvement, and that prices will move higher from the first quarter of next year; the company also expects AI-related revenue to reach 25% of the total within three years, with silicon photonics and advanced packaging as new growth drivers.

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.