0306 GMT - Hua Hong Semiconductor has room to further raise its average selling price in 2026, Daiwa analysts say in a research note. There is incremental demand for mature nodes, spurred by artificial intelligence and a broad recovery in demand for legacy chips, the analysts note. The analysts say there is still room for further hikes as its average selling price after the recent price increase remains 20% below the peak level seen in 2022. Separately, Hua Hong's announcement of its acquisition of Shanghai Huali Microelectronics last year will likely lead to a rise in asset injections in the next three to four years, they say. Daiwa maintains its buy call on Hua Hong and raises its target price to HK$116.00 from HK$110.00. Shares are last at HK$92.95. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 08, 2026 23:06 ET (03:06 GMT)
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