Changes in Hong Kong stocks | Chip stocks fall under pressure, Huahong Semiconductor (01347) falls more than 3%, and SMIC (00981) falls more than 2%

The Zhitong Finance App learned that chip stocks were falling under pressure. As of press release, Huahong Semiconductor (01347) fell 3.08% to HK$77; SMIC (00981) fell 2.09% to HK$70.3.

According to the news, Global Network quoted media reports, US President Trump announced in a social media post on the 8th local time that the US government will allow Nvidia to sell its H200 artificial intelligence chips to China, but charge a certain fee for each chip. According to the report, the H200 chip is Nvidia's “second most powerful” chip. Trump said that the US side will collect 25% of the relevant chip exports. He also said that the US Department of Commerce is finalizing the details of the relevant arrangement, and the same arrangement will also apply to other artificial intelligence chip companies such as Ultramicrosemiconductor and Intel.