Hong Kong Stock Market Update | SMIC falls over 4%, leading the decline in chip stocks. Netherlands revokes some lithography machine export licenses. Institutions say the event is as expected.
Chip stocks continue to decline in recent days. As of the time of writing, SHANGHAI FUDAN fell 4.06% to HKD 12.28; SMIC fell 3.79% to HKD 17.76; JINGMEN Semiconductor fell 3.23% to HKD 0.3; HUAHONG Semiconductor fell 1.19% to HKD 18.28. On the news front, the Dutch government partially revoked the export license for ASML's DUV immersion lithography machines. ASML stated that this will have an impact on the company's individual customers in China. CITIC Securities pointed out that ASML had previously announced that the license would be extended until the end of 2023, so this incident is in line with expectations. In addition, Jibang Consulting estimates that global wafer foundry revenue will decline by 12.5% in 2023, with a potential recovery of 6.4% in 2024. According to the SEMI WeChat public account, as the semiconductor industry is still at the bottom of the cycle, global semiconductor equipment sales are expected to reach USD 100 billion in 2023, a YoY decline of 6.1%. It is believed that 2024 will be a transitional year, and a strong rebound will occur in 2025.
Zhitong App learned that chip stocks continued to decline recently. As of the time of writing, SHANGHAI FUDAN (01385) fell by 4.06% to HKD 12.28; SMIC (00981) fell by 3.79% to HKD 17.76; Crystal Doors Semiconductor (02878) fell by 3.23% to HKD 0.3; and Hua Hong Semiconductor (01347) fell by 1.19% to HKD 18.28.
In terms of news, the Dutch government partially revoked the export license for ASML's DUV immersion lithography machines that were previously issued. ASML stated that this will have an impact on the company's individual customers in China. CITIC Securities pointed out that ASML had previously announced that the license would be extended until the end of 2023, so this incident is in line with expectations.
In addition, Jibang Consulting estimates that global wafer foundry revenue will decline by 12.5% in 2023, with a potential recovery of 6.4% in 2024. According to the SEMI WeChat public account, as the semiconductor industry is still at the bottom of the cycle, global semiconductor equipment sales are expected to reach USD 100 billion in 2023, a YoY decrease of 6.1%. It is believed that 2024 will be a transitional year, and a strong rebound will occur in 2025.