Group 1 - The Hang Seng Tech Index experienced a significant increase, with a peak rise of 1.7% [1] - Notable individual stocks included Kuaishou and Hua Hong Semiconductor, both rising over 5% [1] - Baidu Group and Tongcheng Travel saw increases of over 4%, while SMIC and Alibaba Health rose over 3% [1] Group 2 - Alibaba, BYD Electronics, Bilibili, Sunny Optical, and BYD Company all recorded gains exceeding 2% [1]

Core Viewpoint - The Hong Kong stock market is experiencing a surge in robotics concept stocks, with significant gains observed in several companies [1] Group 1: Company Performance - MicroPort Robotics (02252.HK) has seen a nearly 15% increase in its stock price [1] - Woan Robotics (06600.HK) has risen over 12% [1] - Yujian (02432.HK) has gained more than 8% [1] - Gawe Electronics (01415.HK) and Hua Hong Semiconductor (01347.HK) have both increased by over 5% [1]

Group 1 - The core viewpoint of the article highlights a significant increase in the stock prices of robotics concept stocks in the Hong Kong market on January 21, with notable gains for several companies [2] Group 2 - MicroPort Robotics (02252.HK) experienced a nearly 15% increase in stock price [2] - Woan Robotics (06600.HK) saw a rise of over 12% [2] - Yujian (02432.HK) reported an increase of over 8% [2] - Gaoweidian Electronics (01415.HK) and Huahong Semiconductor (01347.HK) both rose by over 5% [2]

Core Viewpoint - Huahong Semiconductor (01347) has seen a stock price increase of 4.67%, reaching HKD 105.30, with a trading volume of HKD 1.681 billion, amid a report indicating a reduction in global 8-inch wafer foundry capacity due to TSMC and Samsung's cutbacks [1][4]. Industry Summary - TrendForce's latest report indicates that the global 8-inch wafer foundry capacity is expected to decrease by 2.4% by 2026 due to TSMC and Samsung's reduced production [1][4]. - Despite the reduction in capacity, the demand for AI-driven power management chips remains strong, leading to an anticipated increase in 8-inch wafer foundry utilization rates to 90% this year [1][4]. - As a result of these dynamics, 8-inch wafer foundries may raise their prices by 5% to 20% this year [1][4]. Company Summary - Huahong Semiconductor's three 8-inch wafer fabs are maintaining high utilization rates, while the first 12-inch fab has exceeded its design capacity of 100,000 wafers per month [1][4]. - To accommodate the influx of orders, Huahong is actively expanding its capacity, with another 12-inch fab expected to complete its capacity configuration by Q3 2026 [1][4]. - Currently, Huahong's 8-inch wafer foundry capacity is approximately 190,000 wafers, with utilization rates exceeding 100% [1][4].

Group 1 - The core viewpoint of the article highlights that Huahong Semiconductor's stock has risen over 6% due to strong demand for 8-inch wafer foundry services, despite a reduction in capacity from competitors like TSMC and Samsung [1] - TrendForce's latest report indicates that global 8-inch wafer foundry capacity is expected to decrease by 2.4% by 2026, while the demand for AI-driven power management chips remains strong, leading to an anticipated increase in capacity utilization rates for 8-inch foundries to 90% this year [1] - Huaxin Securities reports that Huahong Semiconductor's three 8-inch wafer fabs maintain high utilization rates, and the actual output of its first 12-inch fab has exceeded the designed capacity of 100,000 wafers per month [1] Group 2 - To address the influx of orders, Huahong Semiconductor is actively expanding its capacity, with another 12-inch fab expected to complete its capacity configuration by Q3 2026 [1] - Currently, Huahong Group's 8-inch wafer foundry capacity is approximately 190,000 wafers, and the utilization rate for 8-inch wafer foundry capacity has exceeded 100% [1]

Group 1 - The semiconductor and chip sector experienced a significant rally, with the STAR Market chip index rising by 3.92% as of 10:14 AM on January 21, 2026, driven by strong performances from companies like Loongson Technology (up 20.00%) and Haiguang Information (up 12.46%) [1] - CITIC Securities believes that the storage chip market is currently in a price uptrend due to the explosive demand from AI and supply-side contractions, leading to a performance surge for global storage industry enterprises [1] - The construction of storage production lines and the increase in domestic production rates are expected to accelerate, creating investment opportunities in domestic semiconductor equipment and packaging/testing sectors [1] Group 2 - TSMC is projected to achieve record-high revenue in Q4 2025, with advanced process technology (7nm and below) accounting for 77% of its revenue, and 3nm process shipments reaching 28% [1] - The company anticipates a significant increase in capital expenditure for 2026, estimated between $52 billion and $56 billion, aimed at enhancing its technological advantages and capacity expansion in the high-end wafer foundry sector [1] - The ongoing demand for AI computing power is expected to strongly drive the semiconductor manufacturing sector [1] Group 3 - As of December 31, 2025, the top ten weighted stocks in the STAR Market chip index accounted for 57.76% of the index, including companies like SMIC, Haiguang Information, and Cambrian [2] - The STAR Chip ETF (588200) serves as a convenient tool for investors looking to gain exposure to the STAR Market chip sector [2] Group 4 - Investors without stock accounts can explore investment opportunities in domestic chips through the STAR Chip ETF linked fund (017470) [3]

Group 1 - Semiconductor stocks in Hong Kong showed strength, with notable gains in several companies [1] - Zhaoyi Innovation (03986.HK) increased by 9.48% [1] - Huahong Semiconductor (01347.HK) rose by 4.87% [1] - Shanghai Fudan (01385.HK) experienced a 3.15% increase [1]

Group 1 - The semiconductor stocks in the Hong Kong market showed a strong performance, with notable gains from several companies [1] - Zhaoyi Innovation (03986.HK) experienced a significant increase of 9.48% [1] - Huahong Semiconductor (01347.HK) rose by 4.87%, while Shanghai Fudan (01385.HK) saw an increase of 3.15% [1]

Group 1 - The top three companies with net inflow of southbound funds are SMIC (10.84 billion), Xiaomi Group (8.70 billion), and Hua Hong Semiconductor (5.82 billion) [1] - The top three companies with net outflow of southbound funds are China Mobile (-11.60 billion), Alibaba Health (-4.83 billion), and Kuaishou-W (-4.55 billion) [1] - In terms of net inflow ratio, Qinhuangdao Port (82.38%), 361 Degrees (76.04%), and Southern Hong Kong Stock Connect (62.50%) lead the market [1] Group 2 - The top ten companies with the highest net inflow include SMIC (10.84 billion, 15.56%), Xiaomi Group (8.70 billion, 11.77%), and Hua Hong Semiconductor (5.82 billion, 15.18%) [2] - The top ten companies with the highest net outflow include China Mobile (-11.60 billion, -39.71%), Alibaba Health (-4.83 billion, -20.48%), and Kuaishou-W (-4.55 billion, -15.50%) [2] - The top three companies with the highest net inflow ratio are Qinhuangdao Port (82.38%), 361 Degrees (76.04%), and Southern Hong Kong Stock Connect (62.50%) [2][3] Group 3 - The top three companies with the highest net outflow ratio are Jiangnan Buyi (-60.89%), Yancoal Australia (-60.02%), and Standard Chartered Group (-56.28%) [3] - Other notable companies with significant net outflow include Tianli International Holdings (-55.78%) and China Shenhua Energy (-48.70%) [3]

Core Viewpoint - On January 20, the Hang Seng Index fell by 0.29%, closing at 26,487.51 points, while southbound funds through the Stock Connect recorded a net buy of HKD 36.63 billion [1]. Group 1: Market Activity - The total trading volume for the Stock Connect on January 20 was HKD 972.83 billion, with a net buy of HKD 36.63 billion [1]. - The Shanghai Stock Connect accounted for HKD 594.79 billion in trading volume with a net buy of HKD 34.44 billion, while the Shenzhen Stock Connect had a trading volume of HKD 378.04 billion and a net buy of HKD 2.18 billion [1]. Group 2: Active Stocks - In the Shanghai Stock Connect, Tencent Holdings was the most actively traded stock with a transaction amount of HKD 37.26 billion, followed by Xiaomi Group-W and Alibaba-W with transaction amounts of HKD 30.51 billion and HKD 23.91 billion, respectively [1]. - Tencent Holdings had a net buy of HKD 5.03 billion, despite its closing price dropping by 1.48% [1]. - China Mobile recorded the highest net sell amount of HKD 6.37 billion, closing flat [1]. Group 3: Shenzhen Stock Connect Activity - In the Shenzhen Stock Connect, Tencent Holdings also led with a transaction amount of HKD 26.62 billion, followed by Alibaba-W and SMIC with transaction amounts of HKD 25.02 billion and HKD 19.36 billion, respectively [2]. - Meituan-W had the highest net buy amount of HKD 2.54 billion, although it closed down by 1.17% [2]. - SMIC experienced the largest net sell amount of HKD 5.42 billion, closing down by 3.25% [2].