Reported 5 months ago
On July 17, 2024, God Shield (6462) reported June consolidated revenue of 307 million, down 15.32% monthly but up 13.41% annually, with a first-half revenue of 1.967 billion, up 10.82% annually. Transforming into a pure IP company, it acquired GanZhan Technology for 4.7 billion in early 2024, set to join the group in late August. God Shield's stock price surged by 6.9% to 302 on the 17th, with bullish moving averages, clear upward trend, increasing volume, and institutional buying. GanZhan Technology under God Shield focuses on providing Standard Cell IP for IC design companies, particularly high-speed transmission solutions. It is expected to contribute to NRE and Royalty income for God Shield in the future.
Source: YAHOO