Shares of Hanmi Semiconductor (042700) surged in early trading on October 2 after the company announced plans to establish a subsidiary in Singapore, buoyed by optimism surrounding a global “semiconductor supercycle.”
As of 9:24 a.m., the stock was trading at 102,000 won, up 7.48% from the previous session.
According to data released the previous day by the Ministry of Trade, Industry and Energy, semiconductor exports in September rose 22.0% year-on-year to a record-high $16.61 billion (approximately 23 trillion won), leading overall export growth.
On the same day, Hanmi Semiconductor disclosed that its board of directors had approved the establishment of Hanmi Singapore Pte. Ltd.
The company said, “With the rapid growth of the global AI memory semiconductor market, including high-bandwidth memory (HBM), we have decided to establish a local subsidiary in Singapore to strengthen on-site responsiveness for global clients.”
Shares of Hanmi Semiconductor (042700) surged in early trading on October 2 after the company announced plans to establish a subsidiary in Singapore, buoyed by optimism surrounding a global “semiconductor supercycle.”
As of 9:24 a.m., the stock was trading at 102,000 won, up 7.48% from the previous session.
According to data released the previous day by the Ministry of Trade, Industry and Energy, semiconductor exports in September rose 22.0% year-on-year to a record-high $16.61 billion (approximately 23 trillion won), leading overall export growth.
On the same day, Hanmi Semiconductor disclosed that its board of directors had approved the establishment of Hanmi Singapore Pte. Ltd.
The company said, “With the rapid growth of the global AI memory semiconductor market, including high-bandwidth memory (HBM), we have decided to establish a local subsidiary in Singapore to strengthen on-site responsiveness for global clients.”