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<Research>CLSA Expects New US Export Restrictions Unlikely to Affect HUA HONG SEMI (01347.HK)
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It is reported that the US Department of Commerce (DOC) restricted chip equipment companies from supplying certain equipment and materials to Huahong Group, involving two specific facilities of Huahong Group, CLSA released a research report saying. These include Fab 6, which adopts 28/22-nanometer process technology, and 8A, which is believed to be under construction. HUA HONG SEMI (01347.HK) is a subsidiary of Huahong Group, and covers only Fabs 1, 2, 3, 7 and 9, excluding Fab 6 and Fab 8A, the broker noted. The company mainly produces mature-node semiconductors at 55-nanometer and above, and is therefore unlikely to be affected by the potential restrictions. Even if the entire Huahong Group will be on the restriction list, the measures are expected to primarily target advanced node equipment, CLSA added. Auto-translated by AI AASTOCKS Financial News |
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