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Galaxy Microelectronics (688689.SH): Stock Rockets 16.42% in Half-Day Session, Announces Acquisition of HiTec Semiconductor
2 day ago /
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Author：小编
On the afternoon of July 6th, shares of Galaxy Microelectronics experienced a remarkable surge, climbing 16.42% and emerging as the top performer within the discrete semiconductor device sector. The catalyst for this impressive price jump was the company's announcement of its intention to issue new shares in order to acquire a 100% stake in HiTec Semiconductor. HiTec is renowned for its cutting-edge medium- and high-voltage SGT MOS technology. With this acquisition, Galaxy Microelectronics aims to bridge its technological gaps and pave the way for broader growth opportunities. Prior to this, the company had released a statement addressing abnormal trading fluctuations, in which it underscored several potential risks.
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