Driven by recent positive news, Hong Kong semiconductor stocks have strengthened against the trend. As of publication, Huahong Semiconductor (01347. HK) rose 6.55%, Shanghai Fudan (01385. HK) rose 5.69%, and SMIC (00981. HK) rose 5.35%.
Note: Performance of semiconductor stocks
In terms of news, Tianyancha App shows that recently, the National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was established, with Zhang Xin as the legal representative and a registered capital of 344 billion RMB. Its business scope includes private equity investment fund management and venture capital fund management services, engaging in equity investment, investment management, asset management and other activities through private equity funds, and providing enterprise management consulting.
The registered capital of the third phase of the large fund exceeds the sum of the first and second phases, and it will increase investment in core technologies and key components. At the same time, it will also focus on docking and integrating with international advanced technologies, promoting domestic chips to continuously achieve new breakthroughs in global competition.
In terms of shareholders, China Construction Bank, Bank of China, Postal Savings Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China all contributed 21.5 billion yuan, while Bank of Communications contributed 20 billion yuan. The six state-owned banks accounted for 37.06% of the total investment, with a total amount of 114 billion yuan.
CITIC Securities pointed out that the third phase of the National Fund has been officially established, and from the perspective of this investment situation, it focuses on financial support for entities and strengthening patient capital. There may be some adjustments and optimizations in the entrusted management mode and investment period compared to the first and second phases. Adopting a long-term goal orientation can help avoid shortsightedness and contribute to long-term industrial development.
The securities firm also expects that the third phase of investment in semiconductor manufacturing will remain the largest, and is expected to further increase support for equipment, materials, and components It is recommended to continue to pay attention to leading enterprises in related fields such as EDA and IP, which are at a bottleneck.
SMIC Becomes the Third Largest Chip OEM Enterprise in the World
In addition to the positive performance of the National Fund III, SMIC is also worth paying attention to. The company has recently become the third largest chip foundry enterprise in the world.
According to data from Counterpoint Research, based on first quarter revenue, SMIC, the leading domestic wafer foundry, surpassed Grofond and Lianhua Electronics for the first time, becoming the world's third-largest chip foundry.
The report shows that in the first quarter of this year, SMIC's global market share was 6%, higher than last year's 5%, surpassing Gexin and Lianhua Electronics, becoming the third largest chip foundry in the world.
At present, chips produced by SMIC are widely used in fields such as automobiles, smartphones, computers, and the Internet of Things technology. According to the company's financial report, SMIC's revenue in the first quarter of this year was 12.594 billion yuan, a year-on-year increase of 19.7% and a month on month increase of 4.3%, setting a record for the second highest revenue in the same period in history (only lower than the $1.842 billion in the first quarter of 2022).