Changes in Hong Kong stocks | Chip stocks continue to weaken, US approval to sell Nvidia H200 chips to China may put pressure on domestic AI chip manufacturers

The Zhitong Finance App learned that chip stocks continued to weaken. As of press release, SMIC (00981) fell 3.79% to HK$62.25; Huahong Semiconductor (01347) fell 2.97% to HK$65.3; ASMPT (00522) fell 2.39% to HK$73.4; and Shanghai Fudan (01385) fell 2.24% to HK$40.16.

According to the news, Trump recently announced that he will allow Nvidia to export its H200 artificial intelligence chips to “approved customers”, including China, on the condition that the US government will receive a 25% share of these sales. Donghai Securities said that this move may speed up the AI model training process in China. On the other hand, it may put pressure on domestic AI chip manufacturers to expand the market and build an ecosystem in the short term.

Furthermore, benefiting from the demand for customized chips brought about by large-scale data center construction, Broadcom's share in the artificial intelligence chip market continues to expand. However, Broadcom CEO Chen Fuyang said that due to “the increase in the share of the artificial intelligence business,” its gross margin for the first quarter of 2026 will be lower than the level of the previous three quarters. Investors' concerns about big tech companies' return on AI investments are growing.