Hong Kong (HSI) Semiconductors Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Semiconductors Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 22 Jul 2026	HK$1.6t	HK$190.0b	HK$1.9b	19x	875.6x	8.6x
Fri, 19 Jun 2026	HK$1.7t	HK$188.6b	HK$2.1b	22x	799.8x	8.9x
Sun, 17 May 2026	HK$1.4t	HK$188.2b	HK$2.1b	28.2x	678.8x	7.7x
Tue, 14 Apr 2026	HK$1.2t	HK$184.1b	HK$1.8b	28.2x	644.2x	6.4x
Thu, 12 Mar 2026	HK$1.2t	HK$177.7b	-HK$2,625,992,216.49	32.2x	-455.2x	6.7x
Sat, 07 Feb 2026	HK$1.2t	HK$176.2b	-HK$4,730,265,844.64	24.3x	-252.7x	6.8x
Mon, 05 Jan 2026	HK$1.3t	HK$174.5b	-HK$3,418,085,022.15	24.3x	-370.7x	7.3x
Wed, 03 Dec 2025	HK$1.1t	HK$173.1b	-HK$2,849,376,216.28	27.1x	-378.5x	6.2x
Fri, 31 Oct 2025	HK$1.2t	HK$170.1b	-HK$2,950,392,791.08	47.8x	-420.4x	7.3x
Sun, 28 Sep 2025	HK$1.1t	HK$168.6b	-HK$3,431,885,194.98	27x	-334.3x	6.8x
Tue, 26 Aug 2025	HK$955.9b	HK$174.4b	HK$39.9m	29.4x	23942.7x	5.5x
Thu, 24 Jul 2025	HK$784.6b	HK$172.9b	HK$1.4b	24.9x	546.4x	4.5x
Sat, 21 Jun 2025	HK$668.2b	HK$172.8b	HK$1.4b	23.6x	481.6x	3.9x
Mon, 19 May 2025	HK$682.8b	HK$171.8b	HK$1.4b	22.8x	487.8x	4x
Wed, 16 Apr 2025	HK$724.9b	HK$165.6b	HK$1.5b	22.3x	475.8x	4.4x
Fri, 14 Mar 2025	HK$789.7b	HK$173.6b	HK$3.3b	19.7x	239.6x	4.5x
Sun, 09 Feb 2025	HK$783.7b	HK$178.2b	HK$7.6b	13.4x	103.7x	4.4x
Tue, 07 Jan 2025	HK$598.9b	HK$177.6b	HK$7.6b	11.8x	79.2x	3.4x
Thu, 05 Dec 2024	HK$585.9b	HK$177.5b	HK$8.6b	13.3x	68.2x	3.3x
Sat, 02 Nov 2024	HK$599.1b	HK$174.8b	HK$7.9b	13.9x	75.6x	3.4x
Mon, 30 Sep 2024	HK$441.2b	HK$178.4b	HK$9.2b	10x	47.8x	2.5x
Wed, 28 Aug 2024	HK$404.5b	HK$193.0b	HK$17.3b	9.7x	23.3x	2.1x
Fri, 26 Jul 2024	HK$415.0b	HK$189.8b	HK$19.1b	10.2x	21.8x	2.2x
Sun, 23 Jun 2024	HK$459.2b	HK$190.0b	HK$19.2b	12.1x	23.9x	2.4x
Tue, 21 May 2024	HK$443.9b	HK$190.0b	HK$19.2b	11.8x	23.1x	2.3x
Thu, 18 Apr 2024	HK$417.2b	HK$189.7b	HK$21.4b	11.2x	19.5x	2.2x
Sat, 16 Mar 2024	HK$470.9b	HK$198.6b	HK$36.5b	13.3x	12.9x	2.4x
Mon, 12 Feb 2024	HK$385.6b	HK$196.3b	HK$36.0b	10.1x	10.7x	2x
Wed, 10 Jan 2024	HK$425.6b	HK$197.5b	HK$37.4b	10.2x	11.4x	2.2x
Fri, 08 Dec 2023	HK$456.7b	HK$197.0b	HK$37.3b	10.2x	12.2x	2.3x
Sun, 05 Nov 2023	HK$509.5b	HK$198.1b	HK$40.5b	10.9x	12.6x	2.6x
Tue, 03 Oct 2023	HK$489.0b	HK$196.9b	HK$40.9b	11.5x	12x	2.5x
Thu, 31 Aug 2023	HK$511.7b	HK$193.8b	HK$40.1b	10.3x	12.7x	2.6x
Sat, 29 Jul 2023	HK$533.3b	HK$189.3b	HK$44.2b	10x	12.1x	2.8x

Current Industry PE

Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 876x which is higher than its 3-year average PE of 455x.

The 3-year average PS ratio of 4.3x is lower than the industry's current PS ratio of 8.6x.

Past Earnings Growth

The earnings for companies in the Semiconductor industry have declined 65% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech industry?


HK Market	3.06%
Tech	-5.14%
Semiconductors	-10.50%
Semiconductor Equipment	-5.59%
Semiconductors	-11.10%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 203x.

Analysts are expecting annual earnings growth of 34.0%, which is higher than its past year's earnings decline of 26.8% per year.

Forecasted Growth

Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
However this is lower than its past earnings growth rate of 70% per year.

In contrast, the Semiconductors industry is expected to see its earnings grow by 34% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
9903 Shanghai Iluvatar CoreX Semiconductor	HK$582.50	16.5% +HK$21.0b	n/a	PS123.7x
1879 Shanghai Xizhi Technology	HK$318.80	6.0% +HK$1.7b	n/a	PS237.9x
968 Xinyi Solar Holdings	HK$2.04	3.6% +HK$640.3m	-33.6%	PE19.1x
9971 BASiC Semiconductor	HK$44.20	4.7% +HK$608.6m	n/a	PS37.3x
2533 Black Sesame International Holding	HK$11.61	3.9% +HK$313.4m	-35.3%	PS8.7x

Company

Last Price

Valuation

9903 Shanghai Iluvatar CoreX Semiconductor

HK$582.50

16.5%
+HK$21.0b

n/a

PS123.7x

1879 Shanghai Xizhi Technology

HK$318.80

6.0%
+HK$1.7b

n/a

PS237.9x

968 Xinyi Solar Holdings

HK$2.04

3.6%
+HK$640.3m

-33.6%

PE19.1x

9971 BASiC Semiconductor

HK$44.20

4.7%
+HK$608.6m

n/a

PS37.3x

2533 Black Sesame International Holding

HK$11.61

3.9%
+HK$313.4m

-35.3%

PS8.7x

ASMPT Limited Announces Appointment of Bassel Haddad as Executive Director, Effective August 11, 2026

ASMPT Limited announced that Mr. Bassel Haddad was appointed as Executive Director of the Company with effect from August 11, 2026. Mr. Haddad, aged 51, is a seasoned semiconductor business, product and engineering executive with more than 25 years of experience leading global organisations, driving innovation and delivering scalable technology solutions. Throughout his professional career spanning engineering, product development, and global business operations, Mr. Haddad successfully managed complex businesses with multi-billion-dollar P&L responsibility, driving growth through a combination of strategic vision, operational excellence and customer focus. With leadership experience spanning the full semiconductor value chain — including fabless companies, integrated device manufacturers (IDMs) and foundries — Mr. Haddad brings a uniquely comprehensive industry expertise and perspective. His deep understanding of semiconductor design, product strategy, manufacturing and operations positions him to accelerate ASMPT growth and innovation agenda at a pivotal moment for both the Company and the semiconductor industry. Prior to joining the Company, Mr. Haddad served as Senior Vice President and General Manager, Foundry Solutions and Technology Platforms at SkyWater Technology Inc., where he was responsible for leading foundry and advanced technology services, including overall business strategy, go-to-market efforts and profit and loss accountability. Earlier, as Senior Vice President and General Manager of Advanced Packaging at SkyWater, he led SkyWater’s advanced packaging business including technology development, engineering, marketing and fab operations. Prior to joining SkyWater in 2024, Mr. Haddad spent 14 years at Intel Corporation, where he held various senior leadership roles, including Vice President and General Manager, Edge Computing and AI, Network & Edge Group; Vice President and General Manager, Core, Graphics & Entry; Vice President and General Manager, Roadmap, Products and Architecture (IoT). Mr. Haddad holds Bachelor’s and Master’s degrees in Electrical Engineering from the Technion – Israel Institute of Technology. He is the primary inventor on several patents issued by the United States Patent and Trademark Office in the areas of digital communication and systems architecture.

Hong Kong (HSI) Semiconductors Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Xinyi Solar Holdings Limited to Report First Half, 2026 Results on Jul 31, 2026

ASMPT Limited Announces Appointment of Bassel Haddad as Executive Director, Effective August 11, 2026

Investor sentiment deteriorates as stock falls 20%

Black Sesame International Acquires 60% Stake in AI SoC Firm to Expand Device Portfolio

981: Rich P/E And Modest Margin Gains Will Keep Shares Overpriced

Flat Glass Group Co., Ltd. Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended 30 June 2026

1347: Acquisition Progress And Rich P/E Will Eventually Reveal Downside Risk

Now 22% undervalued

Shanghai Iluvatar CoreX Semiconductor Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.071932 billion.

Less than half of directors are independent

Court Upholds Infineon GaN Product Ban After Patent Win for InnoScience

Now 29% overvalued after recent price rise

New major risk - Share price stability

Key Executive recently bought HK$90k worth of stock

Axera Semiconductor Co., LTD., Annual General Meeting, Jun 26, 2026

Risecomm Group Holdings Limited has filed a Follow-on Equity Offering in the amount of HKD 39.5 million.