Reported 12 months ago
On July 3, 2024, King Yuan Electronics saw a significant stock surge of 5.38% after a series of declines, driven by market optimism surrounding TSMC's upcoming earnings call on July 18 and its continued expansion plans. The semiconductor supply chain company, Xinyu Applied Materials, is predicted to benefit from TSMC's growth, with first-quarter revenues up 6.49% and forecasts suggesting an annual revenue growth of 18% in 2024. Both companies are capitalizing on the AI demand, with King Yuan Electronics expected to gain substantial revenue increases from AI-related projects.
Source: YAHOO