On May 14th, Dr. Bai Peng, Chairman and President of Huahong Semiconductor, shared insights on the company's first-quarter financial performance for 2026. He highlighted that with the escalating significance of artificial intelligence (AI) and its burgeoning applications in driving industrial development and shaping market trends, the global semiconductor industry is experiencing an accelerated transformation. The substantial surge in semiconductor market demand, fueled by AI advancements and compounded by uncertainties within the global supply chain, has rendered the market landscape increasingly intricate.
Huahong Semiconductor remains steadfast in its strategic focus on specialty process wafer foundry services. The company diligently monitors market dynamics, enhances its process capabilities, and expands production capacity to stay ahead. During the first quarter, the company's 12-inch production capacity witnessed a steady increase, with its revenue contribution rising to 62.7%. Meanwhile, the 8-inch production line continued to demonstrate strong profitability.
Furthermore, the proposed acquisition of Hua Liwei has successfully cleared a significant hurdle, receiving acceptance from the Shanghai Stock Exchange. The transaction has now entered the substantive review phase, with expectations of finalization in the latter half of this year.