Ingenic climbs 6% on DRAM price hikes and strong Flash orders

Ingenic (3223.HK) climbed more than 6% in Hong Kong trading to HK$89.65.

The semiconductors industry index rose 3.0% over the same period.

The company announced it has completed price adjustments for most customers amid strong DRAM demand and tight capacity. While material prices may continue to rise, the magnitude and scope of future adjustments are expected to narrow.

In its Flash business, customer orders have continued to increase with sales volume surging year-over-year. The company expects better growth next year and anticipates full-year storage revenue will remain at a solid level.

Separately, Ingenic said on Nov. 11 that its T42 chip has entered MPW tape-out, with mass production scheduled for next year.

Based on public media reports. AI-generated; not investment advice.