Hong Kong’s semiconductor shares jumped. Hua Hong Semi up nearly 16%; Innoscience up 12%; HG Semi up 8%; SMIC up 6%; Shanghai Fudan up 5%.

China Semiconductor Industry Association: “integrated circuits” origin to be determined by wafer fabrication site based on four-digit tariff code change.

For IC imports, declare origin based on “wafer fabrication factory” location, regardless of packaging status.