Stock Track | Hua Hong Semi Soars 8.11% Intraday on Semiconductor Sector Recovery and Strong Earnings

Stock Track

Jun 12

Hua Hong Semiconductor's stock soared 8.11% during intraday trading on Friday, continuing its recovery from recent declines.

The surge is driven by a broad recovery in the semiconductor sector, which has been rebounding after a sharp sell-off in US chip stocks earlier this month. The sector has been staging a multi-day recovery following a plunge on June 8.

Fundamentally, Hua Hong reported strong first-quarter results with revenue up 22.2% year-over-year and gross margin improving by 3.8 percentage points. Growth in MCU, standalone flash memory, and BCD process products has provided support for the stock's oversold recovery. The company is the world's sixth-largest and mainland China's second-largest foundry, specializing in mature-node specialty processes.

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The sector has been staging a multi-day recovery following a plunge on June 8.</p><p>Fundamentally, Hua Hong reported strong first-quarter results with revenue up 22.2% year-over-year and gross margin improving by 3.8 percentage points. Growth in MCU, standalone flash memory, and BCD process products has provided support for the stock's oversold recovery. The company is the world's sixth-largest and mainland China's second-largest foundry, specializing in mature-node specialty processes.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01347","symbol_name":"华虹宏力","start_time":0,"source_url":"","article_id":"1196864264","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196864264","pubTimestamp":1781228451,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hua Hong Semiconductor's stock soared 8.11% during intraday trading on Friday, continuing its recovery from recent declines.The surge is driven by a broad recovery in the semiconductor sector, which...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01347":"华虹宏力"},"translate_title":"个股轨迹|华虹半导体盘中大涨8.11%半导体板块回暖盈利强劲","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01347":1},"content_text":"Hua Hong Semiconductor's stock soared 8.11% during intraday trading on Friday, continuing its recovery from recent declines.The surge is driven by a broad recovery in the semiconductor sector, which has been rebounding after a sharp sell-off in US chip stocks earlier this month. 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