Core Viewpoint - Citi has released a report indicating that Hua Hong Semiconductor (01347) will reach maximum capacity at its new 12-inch wafer fab Fab9A this year, with Fab9B's capacity enhancement also accelerating. Capital expenditures are expected to slightly decline year-on-year in 2026 and significantly increase in 2027. The target price has been raised to HKD 129.5, maintaining an "outperform" rating [1] Group 1 - Hua Hong's Q4 performance last year and guidance for Q1 this year were generally in line with expectations [1] - AI-related products, including power management ICs and microcontrollers (MCUs), are anticipated to continue rapid growth, offsetting the sluggish performance in consumer electronics due to memory shortages [1]
里昂：重申对华虹半导体(01347)“跑赢大市”评级 料AI相关业务可持续快速增长