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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies24
  • 7D1.2%
  • 3M11.8%
  • 1Y37.3%
  • YTD4.2%

In the last week, the Semiconductors industry is up 1.2%, with Semiconductor Manufacturing International up 1.7%. This means that the industry has gained 37% over the past year. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Feb 2026HK$1.3tHK$177.6b-HK$4,720,370,617.4224.3x-272.1x7.2x
Fri, 23 Jan 2026HK$1.3tHK$175.5b-HK$4,669,544,366.2925.3x-285.2x7.6x
Sun, 21 Dec 2025HK$1.1tHK$173.8b-HK$3,423,438,051.6027.7x-311.3x6.1x
Tue, 18 Nov 2025HK$1.1tHK$172.6b-HK$2,876,729,202.8826.9x-395.7x6.6x
Thu, 16 Oct 2025HK$1.2tHK$168.6b-HK$3,436,875,298.2726x-347.9x7.1x
Sat, 13 Sep 2025HK$1.0tHK$168.8b-HK$3,441,589,920.6222.6x-294.1x6x
Mon, 11 Aug 2025HK$825.0bHK$175.0bHK$72.0m27.4x11455.6x4.7x
Wed, 09 Jul 2025HK$752.1bHK$172.7bHK$1.4b23.9x519.7x4.4x
Fri, 06 Jun 2025HK$694.9bHK$172.7bHK$1.4b21.9x501.3x4x
Sun, 04 May 2025HK$739.4bHK$165.5bHK$743.1m23.4x995.1x4.5x
Tue, 01 Apr 2025HK$726.3bHK$166.0bHK$1.2b26.5x621.8x4.4x
Thu, 27 Feb 2025HK$882.4bHK$178.7bHK$7.1b14.5x124.8x4.9x
Sat, 25 Jan 2025HK$721.2bHK$178.5bHK$7.5b12.4x95.6x4x
Mon, 23 Dec 2024HK$593.3bHK$177.1bHK$8.6b11.5x68.7x3.4x
Wed, 20 Nov 2024HK$614.2bHK$177.8bHK$8.6b13x71.4x3.5x
Fri, 18 Oct 2024HK$536.8bHK$177.4bHK$9.2b11.3x58.1x3x
Sun, 15 Sep 2024HK$368.1bHK$178.1bHK$9.3b9.4x39.8x2.1x
Tue, 13 Aug 2024HK$419.2bHK$192.2bHK$17.3b10.3x24.3x2.2x
Thu, 11 Jul 2024HK$431.8bHK$190.0bHK$19.2b10.9x22.5x2.3x
Sat, 08 Jun 2024HK$459.6bHK$190.2bHK$19.3b12.3x23.9x2.4x
Mon, 06 May 2024HK$439.9bHK$189.1bHK$21.5b12.2x20.5x2.3x
Wed, 03 Apr 2024HK$452.0bHK$189.8bHK$21.5b12.1x21x2.4x
Fri, 01 Mar 2024HK$441.7bHK$198.7bHK$36.5b11x12.1x2.2x
Sun, 28 Jan 2024HK$407.4bHK$197.3bHK$37.3b9.2x10.9x2.1x
Tue, 26 Dec 2023HK$455.2bHK$196.9bHK$37.2b9.9x12.2x2.3x
Thu, 23 Nov 2023HK$483.0bHK$196.5bHK$37.2b10.9x13x2.5x
Sat, 21 Oct 2023HK$490.9bHK$196.6bHK$40.8b9.7x12x2.5x
Mon, 18 Sep 2023HK$495.2bHK$197.1bHK$41.0b11.7x12.1x2.5x
Wed, 16 Aug 2023HK$493.2bHK$188.3bHK$42.5b9.2x11.6x2.6x
Fri, 14 Jul 2023HK$540.1bHK$191.0bHK$44.9b10.2x12x2.8x
Sun, 11 Jun 2023HK$533.6bHK$191.6bHK$45.1b10.1x11.8x2.8x
Tue, 09 May 2023HK$558.9bHK$196.6bHK$46.7b10.8x12x2.8x
Thu, 06 Apr 2023HK$599.1bHK$196.2bHK$46.6b10.6x12.9x3.1x
Sat, 04 Mar 2023HK$548.2bHK$182.0bHK$40.0b9.5x13.7x3x
Price to Earnings Ratio

13.7x


Total Market Cap: HK$548.2bTotal Earnings: HK$40.0bTotal Revenue: HK$182.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 397.6x202420252026
Current Industry PE
  • Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 7.2x.
Past Earnings Growth
  • Total earnings for the Semiconductor industry have declined over the last three years, with the industry now making a loss overall.
  • 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 Market1.78%
Tech1.34%
Semiconductors1.17%
Semiconductor Equipment2.61%
Semiconductors0.93%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 130x.
    • Analysts are expecting annual earnings growth of 27.1%, which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 27% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
6082 Shanghai Biren TechnologyHK$40.8412.6%
+HK$11.2b		n/aPS245.8x
2577 InnoScience (Suzhou) Technology HoldingHK$68.659.3%
+HK$5.3b		16.1%PS55.4x
522 ASMPTHK$111.608.0%
+HK$3.5b		45.3%PS3.4x
1347 Hua Hong SemiconductorHK$101.401.5%
+HK$2.6b		161.7%PE410.4x
600 Axera SemiconductorHK$30.046.3%
+HK$1.0b		n/aPS31.8x

Latest News

522
HK$111.60
ASMPT
7D
8.0%
1Y
45.3%

522: CEO Transition And Higher Margin Assumptions Will Heighten Downside Risk

Analysts have raised their ASMPT price target slightly to HK$73.70, reflecting small adjustments to their assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News A board meeting is scheduled for March 3, 2026 to consider and approve the announcement of ASMPT's final results for the year ended December 31, 2025 for publication, and to consider the payment of a final dividend (Key Developments).
1347
HK$101.40
Hua Hong Semiconductor
7D
1.5%
1Y
161.7%

1347: Lofty Multiple Will Be Tested At Upcoming Shareholder Meeting

Analysts have raised their price target for Hua Hong Semiconductor to HK$33.99 from HK$28.98, citing revised views on fair value, updated growth assumptions and expectations for a higher future P/E multiple. What's in the News Hua Hong Semiconductor issued earnings guidance for the first quarter of 2026, indicating expected revenue of about US$650 million to US$660 million (company guidance).
981
HK$69.40
Semiconductor Manufacturing International
7D
-0.7%
1Y
28.0%

981: Flat Revenue Outlook And Guided Margins Will Support Fair Balance

Analysts have slightly increased their HK$ fair value estimate for Semiconductor Manufacturing International, raising it from about HK$74.69 to around HK$75.24, reflecting updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News Issued earnings guidance for the first quarter of 2026, with revenue expected to be flat compared with the prior quarter and gross margin guided to a range of 18% to 20% (Key Developments).
1385
HK$49.38
Shanghai Fudan Microelectronics Group
7D
-3.6%
1Y
129.1%
9903
HK$257.40
Shanghai Iluvatar CoreX Semiconductor
7D
-4.3%
1Y
n/a
968
HK$3.63
Xinyi Solar Holdings
7D
2.5%
1Y
6.1%
650
HK$0.30
Productive Technologies
7D
22.0%
1Y
48.1%

There's Reason For Concern Over Productive Technologies Company Limited's (HKG:650) Massive 28% Price Jump

Feb 10
There's Reason For Concern Over Productive Technologies Company Limited's (HKG:650) Massive 28% Price Jump
600
HK$30.04
Axera Semiconductor
7D
6.3%
1Y
n/a
6939
HK$1.08
MEGAIN Holding (Cayman)
7D
-7.7%
1Y
127.4%
6865
HK$11.53
Flat Glass Group
7D
-2.1%
1Y
-11.3%

Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends

Jan 26
Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends
2533
HK$20.00
Black Sesame International Holding
7D
4.6%
1Y
-20.0%
2149
HK$44.30
BaTeLab
7D
-4.3%
1Y
42.0%

The Returns At BaTeLab (HKG:2149) Aren't Growing

Jan 09
The Returns At BaTeLab (HKG:2149) Aren't Growing
2878
HK$0.41
Solomon Systech (International)
7D
-1.2%
1Y
-30.8%

The Return Trends At Solomon Systech (International) (HKG:2878) Look Promising

Jan 08
The Return Trends At Solomon Systech (International) (HKG:2878) Look Promising
6082
HK$40.84
Shanghai Biren Technology
7D
12.6%
1Y
n/a
2577
HK$68.65
InnoScience (Suzhou) Technology Holding
7D
9.3%
1Y
16.1%
2658
HK$54.85
Guangdong Tianyu Semiconductor
7D
-6.2%
1Y
n/a