Changes in Hong Kong stocks | Chip stocks rise ahead, SMC records record profits for five consecutive quarters, and capital expenditure rises sharply in the next three years

The Zhitong Finance App learned that chip stocks had the highest gains. As of press release, CRIC (02249) rose 4.39% to HK$30.46; Huahong Hongli (01347) rose 3.97% to HK$144.3; Shanghai Fudan (01385) rose 3.16% to HK$26.08; and SMIC (00981) rose 2.88% to HK$69.55.

According to the news, TSMC recently announced results for the second quarter, achieving record profits for the fifth consecutive quarter, further verifying its judgment on the long-term growth trend of the AI industry. Net profit for the period reached NT$706.56 billion (approximately US$21.98 billion), an increase of 77% year over year, higher than market expectations of NT$624 billion. The company's second-quarter revenue reached NT$1.270 trillion, up 36% year over year, in line with previously given performance guidelines.

TSMC said that the business outlook for the next few years is very promising, and it is expected that market demand will remain strong until 2030, and the overall growth trend will be very steady. The company expects revenue growth in US dollars to be slightly above 40% in 2026, higher than the previous forecast of “over 30%.” Facing growing demand for AI chips, TSMC plans to further expand investment in advanced manufacturing processes and advanced packaging. The company expects capital expenditure over the next three years to be significantly higher than in the past three years.