Movement Alert|Nexchip Semiconductor Rises 3.22% in Regular Trading, Semiconductor Sector Rebounds as Huaqin Technology Continues Stake Accumulation

Market Focus07-20

On July 20, Nexchip Semiconductor (02249.HK) rose 3.22% in regular trading, trading at HK$29.8/share, with turnover of HK$3.08 million.

The semiconductor sector staged a broad-based rebound, with sector peer HUA HONG GRACE rising 5.55%, Montage Technology up 6.43%, GigaDevice up 3.37%, and SMIC up 3.1%, creating strong sector linkage that lifted Nexchip. Additionally, Huaqin Technology has conducted three consecutive on-market purchases of Nexchip H shares. On July 17, its wholly-owned subsidiary Huaqin Communications acquired approximately 6.26 million H shares for approximately HK$189 million at an average price of HK$30.21 per share, raising its total stake to approximately 10.48% of issued share capital. Prior acquisitions on July 10 and July 16 totaled approximately HK$195 million, demonstrating sustained confidence in Nexchip's long-term investment value and providing near-term share price support.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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