---
title: "Basic Semiconductor rises over 5% as chip sector gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292158000.md"
description: "Basic Semiconductor (9971.HK) climbed over 5% to HK$34.880 in Hong Kong trading, following a strong start for the local chip sector."
datetime: "2026-07-09T06:40:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292158000.md)
  - [en](https://longbridge.com/en/news/292158000.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292158000.md)
---

# Basic Semiconductor rises over 5% as chip sector gains

Basic Semiconductor (9971.HK) **rose** over **5%** in Hong Kong trading to **HK$34.880**.

The move came as the broader Hong Kong chip sector gained strength in the morning session, with GigaDevice advancing over **13%** and Montech rising over **8%**. The company officially listed on the main board of the Stock Exchange of Hong Kong yesterday (July 8, 2026), becoming the first carbon-silicon chip stock in Hong Kong. It raised net proceeds of approximately **HK$766 million** at an issue price of **HK$31.62**. As an IDM focused on silicon carbide power devices, its listing has attracted market attention despite challenges including consecutive losses and intense industry competition.

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