HANMI Semiconductor(042700) is surging more than 21% in early trading on the 31st. The rebound in U.S. semiconductor stocks the previous day is seen as drawing buying into domestic semiconductor equipment stocks.
As of 9:21 a.m. that day, in the main bourse, HANMI Semiconductor is trading at 204,000 won, up 36,400 won (21.72%) from the previous session.
HANMI Semiconductor's strength is interpreted as a flow of funds into domestic semiconductor equipment names after major semiconductor stocks in New York all jumped the previous day. With the Philadelphia semiconductor index up more than 8%, Micron and Lam Research climbed in the 18% range, and AMD rose in the 13% range.
Market jitters over profitability relative to artificial intelligence (AI) investment eased sharply after Microsoft posted results and guidance above expectations. A slower rise in the U.S. June core personal consumption expenditures (PCE) price index from the prior month also boosted overall investor sentiment in tech stocks.
HANMI Semiconductor supplies a thermal compression (TC) bonder, a key tool for manufacturing high bandwidth memory (HBM). On a consolidation basis, second-quarter operating profit this year rose 51% from a year earlier to 130.3 billion won.