Storage chip concept surged in the afternoon trading, ZBIT SEMICONDUCTOR rose over 10%

In the late trading session, the storage chip concept surged, with ZBIT SEMICONDUCTOR rising over 10%. Puya semiconductor, Netac, SHARETRONIC, Tongyou Technology, and KAIFA also followed suit. On the news front, on October 13th, the chairman of major storage module manufacturer ADATA, Chen Libai, stated that the current market conditions in the storage industry are "good enough to give us a headache." He pointed out that Korean manufacturers had been on an extended holiday and are expected to announce new product prices soon, with contract prices likely to rise by 20%-30%