Group 1 - Semiconductor stocks in Hong Kong have strengthened, with InnoCare rising over 12%, ChipMOS increasing by over 4%, SMIC up by over 3%, and GlobalWafers gaining 2.35% [1] - NVIDIA is leading a significant transformation in global data centers by shifting the voltage standard from traditional AC to 800V DC, igniting an upgrade wave in AI computing infrastructure [1] - Eastmoney Securities highlights that the demand for computing power is growing exponentially due to the rise of generative AI, suggesting investments in semiconductor storage, testing equipment, and magnetic components as key sectors [1] Group 2 - SMIC announced plans to acquire a 49% stake in Northern SMIC for a transaction price of 40.6 billion yuan, which is expected to enhance asset quality and business synergy for the listed company [1]

格隆汇12月30日｜恒生科技指数上涨1%至5,538.56点。百度涨超4%，华虹半导体、中芯国际涨超3%。 ...

12月29日恒生指数下跌0.71%，南向资金全天合计成交金额为1151.58亿港元，其中，买入成交558.72亿 港元，卖出成交592.86亿港元，合计净卖出金额34.14亿港元。具体来看，港股通（深）累计成交金额 442.12亿港元，买入成交205.64亿港元，卖出成交236.48亿港元，合计净卖出金额30.84亿港元；港股通 （沪）累计成交金额709.46亿港元，买入成交353.08亿港元，卖出成交356.38亿港元，合计净卖出金额 3.31亿港元。 成交活跃股方面，今日上榜个股中，南向资金成交金额最多的是阿里巴巴-W，合计成交额66.55亿港 元，腾讯控股、中芯国际成交额紧随其后，分别成交60.71亿港元、51.50亿港元。以净买卖金额统计， 净买入的个股共有3只，招商银行净买入额为9.71亿港元，净买入金额居首，该股收盘股价上涨1.07%， 华虹半导体净买入额为2.62亿港元，江西铜业股份净买入额为2259.48万港元。净卖出金额最多的是中国 移动，净卖出14.50亿港元，该股收盘股价下跌1.21%，阿里巴巴-W、紫金矿业遭净卖出10.24亿港元、 6.22亿港元。 今日上榜个股中，中芯国际、优必选、 ...

| 港股通(沪)活跃成交股 | | --- | | HK 09988 | 11.4416 | 13.5316 | -2.10亿 | | --- | --- | --- | --- | | 中芯国际 | 12.10亿 | 5.21亿 | 17.31亿 | | HK 00981 | | | +6.89 亿 | | 小米集团-W | 8.04 亿 | 7.57亿 | 15.61亿 | | HK 01810 | | | +4676.56万 | | 美团-W | 4.55亿 | 6.06亿 | 10.61亿 | | HK 03690 | | | -1.50 亿 | | 中国海洋 ... | 3.05亿 | 5.34亿 | 8.38亿 | | HK 00883 | | | -2.29 Z- | | 中国移动 | 2.23亿 | 5.94亿 | 8.17亿 | | HK 00941 | | | -3.71 乙 | | 紫雯贴,不 | 2.60亿 | 4.40亿 | 7.00亿 | | HK 02899 | | | -1.80 亿 | | 优必选 | 3.01亿 | 3.55亿 | 6.55亿 | | HK 09880 | ...

Core Viewpoint - The semiconductor industry is experiencing a significant price increase across both mature and advanced processes, driven by structural supply-demand imbalances and rising costs, particularly influenced by the AI industry's growth [2][4][5]. Group 1: Price Increases - SMIC has officially notified downstream customers of a price increase of approximately 10% for 8-inch BCD process foundry services, with multiple chip companies confirming receipt of this notice [2]. - Taiwan's World Advanced Semiconductor has followed suit with a similar 10% price increase for the same process, indicating a clear industry-wide trend [2]. - TSMC plans to implement a series of price increases for advanced processes below 5nm starting January 2026, with an average increase of 3%-5% over four years [2]. Group 2: Supply-Demand Dynamics - The current price surge is attributed to a long-term structural imbalance between supply and demand, with explosive growth in demand, particularly from the AI sector, being a key driver [4]. - The demand for power management chips in AI servers has surged, leading to a critical shortage of related production capacity, particularly for BCD processes [4]. - TrendForce's research indicates that by the second half of 2025, driven by AI demand, wafer foundries' capacity utilization rates are expected to remain higher than previously anticipated, with some manufacturers performing better in Q4 than in Q3 [4]. Group 3: Supply Constraints - TSMC is actively reducing its 8-inch mature process capacity to focus on high-value advanced processes, planning to shut down some production lines by the end of 2027, which exacerbates the supply constraints in the mature process segment [5]. - Domestic foundries are operating at full capacity, with SMIC achieving a capacity utilization rate of 95.8% and a monthly output of over 1 million 8-inch wafers [5]. - Huahong Semiconductor's capacity utilization rate has reached 109.5%, indicating an overworked state, which provides a strong basis for price increases [5]. Group 4: Cost Pressures - The cost of raw materials, particularly metals like gold and copper, remains high, with leading silicon wafer companies raising prices by an average of 12% in late December, directly increasing wafer manufacturing costs [5]. - Rising energy and labor costs further compress profit margins for foundries, making price increases a necessary response to maintain profitability [5].

北水净买入最多的个股是招商银行(03968)、华虹半导体(01347)、江西铜业股份(00358)。北水净卖出最 多的个股是中国移动(00941)、阿里巴巴-W(09988)、紫金矿业(02899)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W HK 09988 | 16.71 乙 | 24.86亿 | 41.57亿 -8.15 亿 | | 腾讯控股 | | | 34.90亿 | | HK 00700 | 21.80 乙 | 13.10亿 | +8.70亿 | | 中芯国际 | 13.28 亿 | 20.92亿 | 34.20亿 | | HK 00981 | | | -7.65 Z | | 小米集团-W | 13.04 乙 | 16.34 乙 | 29.38亿 | | HK 01810 | | | -3.29 乙 | | 中国移动 | 5.49 亿 | 16.28 乙 | 21.77 亿 | | HK 00941 | | | -10.79 亿 | | 美团-W | 8.43亿 | 8.87亿 | 17 ...

Summary of Key Points Core Viewpoint - Southbound funds recorded a net sell-off of HKD 3.414 billion in Hong Kong stocks today, indicating a trend of capital outflow from the market [1] Group 1: Net Buying and Selling - The net buying included China Merchants Bank at HKD 0.971 billion and Hua Hong Semiconductor at HKD 0.262 billion [1] - The net selling was led by China Mobile at HKD 1.45 billion, Alibaba-W at HKD 1.024 billion, and Zijin Mining at HKD 0.621 billion [1] - Other notable net sell-offs included Tencent Holdings at HKD 0.318 billion, Xiaomi Group-W at HKD 0.282 billion, CNOOC at HKD 0.228 billion, Meituan-W at HKD 0.194 billion, and UBTECH at HKD 0.16 billion [1] Group 2: Trends in Southbound Fund Activity - Southbound funds have recorded a continuous net sell-off of China Mobile for 10 consecutive days, totaling HKD 8.65362 billion [1] - Tencent has seen net sell-offs for 3 consecutive days, amounting to HKD 2.01788 billion [1]

每经AI快讯，12月29日，港股午间收盘，恒生指数涨0.26%，恒生科技指数涨1.60%。半导体股走强， 上海复旦涨超8%，中芯国际涨超1%，华虹半导体涨近3%。 ...

消息面上，"港股GPU第一股"壁仞科技港股IPO已启动招股，计划2026年1月2日登陆港交所，将成为港 股首家GPU上市企业。此次IPO最高募资48.5亿港元，每手200股入场费3959.5港元，公募部分已录得 2607亿港元孖展额，超购1072倍，国际配售因需求强劲提前截止。 业内人士指出，全球AI芯片竞争从"一家独大"走向"分散称霸"。以英伟达为代表的传统巨头地位出现 松动，谷歌TPU等ASIC芯片崛起，中国本土芯片力量快速成长，共同推动全球芯片格局向多元化发 展。 直指港股芯片超级周期！可以T+0的港股芯片产业链ETF来了——全市场首只聚焦"港股芯片"产业链的 港股信息技术ETF（159131），标的指数由"70%硬件+30%软件"构成，重仓港股"半导体+电子+计算机 软件"，涵盖42只港股硬科技公司，其中中芯国际权重达20.48%，小米集团-W权重9.53%，华虹半导体 权重5.80%；不含阿里巴巴、腾讯、美团等大市值互联网企业，锐度更高，更易捕捉港股AI硬科技行 情。（截至2025.11.30） 12月29日早盘，A+H芯片半导体产业链携手走强，港股硬科技方面，优必选、上海复旦涨超10%，建滔 积层 ...

每经AI快讯，12月29日，科创50指数涨超1%，寒武纪涨超7%，中芯国际、华虹涨超2%。 每经AI快讯，12月29日，科创50指数涨超1%，寒武纪涨超7%，中芯国际、华虹涨超2%。 ...