Hot Stock - Sunplus Semiconductor Soars with Bullish Momentum

Reported about 1 year ago

On June 12, 2024, Sunplus Semiconductor (8028), a member of the TSMC alliance, surged with the stock price hitting the daily limit of 70.5 yuan as TSMC's price also strengthened. The stock remained strong throughout the day, closing at a record high for the year 2024, with a 35.67% increase. Sunplus Semiconductor is optimistic about markets such as recycled wafers, wafer thinning, and wafer-loading, actively expanding production capacity with the second phase of its China-Hong Kong factory expected to be completed by the end of 2024, achieving a total capacity of 600,000 wafers per month. Additionally, the company is evaluating the establishment of overseas production bases in the United States and Japan to meet the demand from overseas factories of key customers and foreign clients on-site.

Source: YAHOO

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