STAR Market chip firms Hua Hong, AMEC propose buybacks up to 1B yuan

These proposals stand out less for their size than for their timing and authorship: both are chairman-level initiatives on the STAR Market, and AMEC's floor already exceeds what it actually repurchased before. Hua Hong's first buyback since listing is the more symbolically loaded move, signaling that a major foundry sees its A-share valuation as worth defending. The open question is whether other STAR chip names follow with proposals of their own, and whether these buybacks move from proposal to completion.