Changes in Hong Kong stocks | Chip stocks are picking up in early trading and the US is considering restricting sales of AI chips to some countries, agencies say they expect AI and localization to drive semiconductor demand

The Zhitong Finance App learned that chip stocks picked up in early trading. As of press release, Jingmen Semiconductor (02878) rose 5.36% to HK$0.59; Shanghai Fudan (01385) rose 4% to HK$17.16; SMIC (00981) rose 2.81% to HK$27.45; and Huahong Semiconductor (01347) rose 1.3% to HK$23.45.

According to the news, according to media reports, the US government discussed restricting Nvidia and other US companies from selling advanced artificial intelligence chips to some countries. The new scheme will cap certain countries' export licenses. People familiar with the matter said that officials are concerned about Persian Gulf countries, which are increasingly interested in artificial intelligence data centers and have strong financial resources.

CITIC Securities believes that the overall semiconductor cycle has recovered significantly in the past year, driven by rising cloud computing power and storage prices, and is currently recovering moderately. Looking ahead to 2025, the scale of the global semiconductor industry is expected to continue to grow, and the boom in cloud computing power is expected to continue. At the same time, it is expected that end-side AI will become a new growth point driving the semiconductor industry to continue to rise. As the underlying foundation for new technological productivity, the domestic semiconductor industry is driven by policy support, cycle reversal, incremental innovation, and domestic substitution, and has a higher level of participation in the end-side AI field, and is expected to usher in better performance in the next stage.