Hua Hong Semiconductor (688347 CN) exec. says there are no signs of slowing growth in the storage market in 2026
Newsquawk Staff ·
Hua Hong Semiconductor (688347 CN) exec. says there are no signs of slowing growth in the storage market in 2026.
What it means
The comments from Hua Hong Semiconductor's executive indicate confidence in sustained growth within the storage market through 2026. This sentiment could positively influence related equities and the tech sector, particularly if investors interpret it as a reassurance of ongoing demand amid various macroeconomic pressures.
Sources
- China's CXMT to begin production of advanced AI memory chips, reports suggest
- PetroChina (857 HK) Q3 2026 (CNY): IFRS net profit 51.84bln, +22% Y/Y
- Ping An Insurance (2318 HK) 9-month net income -27% Y/Y at RMB 96.65bln
- LG Electronics (066570 KS) Q3 (KRW) net 663.2bln (exp. 551.0bln), oper. income 781.9bln (prelim. 781.8bln), rev. 23.82tln (prelim. 23.83tln)
- China rushes to shore up struggling markets with the ‘National team’ of funds and brokers buying stocks as investors turn away from AI trade, according to FT
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