On March 4, 2026, the semiconductor sector within the Hong Kong stock market exhibited resilience, bucking the broader market trend. Notably, GigaDevice's stock price skyrocketed by more than 9%, ASMPT saw a rise exceeding 5%, and Hua Hong Semiconductor's shares increased by over 3%. Several other stocks, including Montage Technology and Innoscience, also followed this upward trajectory. According to China Galaxy Securities, considering the current external environment, ensuring supply chain security and achieving self-sufficiency have become a prevailing long-term trend. The rationale for import substitution in both equipment and materials remains robust. Digital chips, as the fundamental components for computing power autonomy, play a pivotal role. Furthermore, advancements in packaging and testing technologies are poised to benefit from ongoing technological upgrades.
