Hua Hong Grace Semiconductor slips on investment in wafer producer

Hua Hong Grace Semiconductor

02/09/2026 05:52

** Hong Kong shares of Hua Hong Grace Semiconductor 1347.HK slip 4.9% in the second declining session to HK$115, on course for the biggest one-day pct fall since August 24
** Fourth biggest pct decliner in Hang Seng TECH Index .HSTECH, which is down 1.5%
** Shanghai-listed stock 688347.SS falls 3.8% to 240.86 yuan, on track for the biggest one-day pct drop since August 19
** Chinese semiconductor products maker said it and its unit have teamed up with other parties to jointly invest in Wuxi Huahong Grace Semiconductor (Phase III) Manufacturing Co, in a move to enhance competitiveness and market position in the wafer foundry industry 
** The company and its unit, Shanghai Huahong Grace Semiconductor will invest $1.04 billion and $1.08 billion, respectively, in Wuxi Huahong Grace Semiconductor (Phase III), which plans to establish a 12-inch wafer production line with a monthly capacity of about 55,000 wafers
** Other parties include Wuxi Xi Hong Guo Xin (Phase II) Investment, Hua Xin Ding Xin (Beijing) Equity Investment Fund, and China Development Bank New Policy-Oriented Financial Instruments Co
** YTD, Hong Kong stocks up 55.6%, Shanghai shares up 126.2%
     
     

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))