HK Stock Market Move | SUN.KING TECH (00580) rises more than 7% in the afternoon, price increases sweep the power chip industry, and the company actively promotes its data center business.
Saijing Technology (00580) surged by 25% yesterday, and increased by over 7% in the afternoon today. As of the time of writing, it has risen by 4.41% to 2.84 Hong Kong dollars, with a trading volume of 91.8059 million Hong Kong dollars.
SUN.KING TECH (00580) surged 25% yesterday, and rose over 7% again in the afternoon today, up 4.41% as of press time, at 2.84 Hong Kong dollars, with a turnover of 91.8059 million Hong Kong dollars.
On the news front, a wave of price hikes is sweeping the power chip industry. Infineon announced that it will raise prices again on some products starting on July 1, marking the second round of price increases within 2026. Texas Instruments is also planning to raise prices from July 1, involving products such as power management chips (PMIC) and MOSFET, also its second round of price increase within 2026. Chinese suppliers such as Microchip Technology and Jiangsu Jiejie Microelectronics are also joining the price hike trend.
It is worth noting that SUN.KING TECH is actively promoting the development of its data center business. The company previously stated that it will actively develop data center-related products in 2026, launching new products serving data center solid-state transformers (SST) - solid-state DC circuit breakers (with two voltage platforms of 800V and 1500V and a total of 8 specifications), 2300V silicon carbide MOS chips and modules, striving to win high-value orders in the data center markets in China and the United States.
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