Huahong plans to achieve full production of 95,000 wafers at its first 12-inch fab by mid-2024

Huahong said in a recent institutional survey that they plan to achieve full production of 95,000 wafers at the first 12-inch factory by mid-2024. The company is confident in this based on the strong demand for multiple platforms. As capacity utilization recovers to 90% to 95%, the company has the opportunity to increase prices for 8-inch and 12-inch platforms and improve the company's gross profit margin by adjusting the product mix.