Huahong Semiconductor's Chairman and President, Dr. Bai Peng, commented on the company's first-quarter 2026 performance, noting the increasing role of artificial intelligence and related applications in the industry's development and market dynamics. According to Jin10, the global semiconductor industry is rapidly evolving, driven by AI's significant impact on market demand, intertwined with ongoing uncertainties in the global supply chain landscape. Huahong Semiconductor remains committed to its strategic goal of being a leader in specialty process wafer foundry, continuously focusing on market needs, enhancing process capabilities, and expanding production capacity. In the first quarter, the company's 12-inch capacity ramped up steadily, with its revenue share rising to 62.7%, while the 8-inch production line maintained strong profitability. Meanwhile, the proposed acquisition of Huali Microelectronics has been accepted by the Shanghai Stock Exchange and is under substantive review, with completion expected in the second half of this year.