Hanmi Semiconductor rallies on hopes for AI boost

Hanmi Semiconductor Co

14/07/2023 04:07

** Shares of Hanmi Semiconductor  042700.KS  rally on hopes
for demand boost from the boom in artificial intelligence 
    ** Shares of the South Korean semiconductor equipment
manufacturer gain as much as 21.60% to a record high since its
listing in July 2005 
    ** Hanmi Semiconductor up 70% this week and 330% for the
year, compared with the benchmark KOSPI's 3.7% and 17% gains,
respectively
    ** It manufactures and supplies bonding equipments that
attach high bandwidth memory to graphic processing unit,
essential for AI arithmetic - NH Investment Securities
    ** Hanmi Semiconductor up 18%, as of 0248 GMT, while KOSPI
up 1.1%
    

 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))