On November 5, Hua Hong Semiconductor (01347.HK) announced that Bai Peng, Chairman and President, stated that AI-related products continue to drive global semiconductor market demand, while the industrial and automotive markets are gradually recovering. As a specialty process wafer foundry with a broad technology portfolio, Hua Hong Semiconductor is experiencing growing demand for its microcontroller, flash memory, power management, and power device products. Although the company continues to expand capacity, supply remains tight in certain segment areas. The upward trend in both volume and price is expected to continue for some time.