On July 21, Nexchip Semiconductor rose 3.92% in regular trading, trading at HK$30.66/share, with turnover of HK$46.11 million. The gain was supported by continued strategic buying from major shareholder Huaqin Technology and a broad semiconductor sector rally.
Huaqin Technology's wholly-owned subsidiary Huaqin Telecom purchased an additional 3.12 million Nexchip H shares on July 20 for approximately HK$93.22 million at an average price of HK$29.92 per share, raising its total stake to approximately 10.62% of Nexchip's issued share capital. This marks the fourth consecutive acquisition since Nexchip's Hong Kong listing on July 10, with cumulative purchases exceeding HK$420 million. Huaqin has stated the acquisitions reflect confidence in Nexchip's long-term development prospects.
Within the Semiconductors sector, peers rallied broadly, with GigaDevice up 10.22%, Hua Hong Grace up 9.52%, Montage Technology up 8.33%, Iluvatar CoreX up 8.08%, and SMIC up 4.52%. Nexchip confirmed its orders remain robust with capacity utilization at sustained high levels.
(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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