Reported 12 months ago
World Advanced (5347) showed signs of recovery in the second quarter, with the stock price steadily rising since the announcement of a joint venture in Singapore to build a 12-inch factory. The stock price, rising from 82.9 yuan at the end of April, closed with a rare limit up on the 28th at 129.5 yuan, nearing the recent high of 130 yuan. The joint venture with NXP Semiconductors in Singapore to build a 12-inch wafer factory is expected to commence construction in the second half of this year and start production in 2027, improving World Advanced's competitiveness.
Source: YAHOO