On January 16, 2025, A-share chip stocks witnessed a collective decline, with Cambrian Innovations suffering a steep drop of over 9%, Hygon falling by more than 5%, GigaDevice Innovation edging closer to a 3% loss, and SMIC's gains significantly contracting. Concurrently, the gains recorded by SMIC and Hua Hong Semiconductor in Hong Kong stocks also exhibited a notable narrowing.
