HK Stock Market Move | Ingenic Semiconductor (03223) rises over 5%; the company benefits from the memory upcycle and continues to expand into new product areas.

Ingenic Semiconductor (03223) share price moved higher, rising 5.50% as of press time to HK$84.35, with turnover of HK$75.1135 million. On the news front, according to Blue Whale News reports, several memory industry sources recently revealed that some leading companies have verbally informed channel distributors of their intention to raise prices for enterprise-grade chips. Formal price increase letters have not yet been issued, but prices on the channel side have already begun to move. It is understood that the memory business contributed the main increment to the company's performance in the first three quarters. Its memory chip revenue in the single third quarter was approximately RMB2.284 billion, up 206.16% year-on-year. Huaxi pointed out that it continues to be optimistic about the company's three major business layout of "computing + storage + analog." In addition to benefiting from price increases caused by supply-demand imbalance, the company is also actively expanding into new products and new areas, especially as its Flash business has begun to show results in the AI field. China Post Securities believes that the company is seizing opportunities from the memory cycle and the penetration of AI hardware, continuously developing and iterating new products, introducing high-quality long-term agreement customers, and achieving steady breakthroughs in multiple categories of chips in automotive and AI-related emerging markets, laying a solid foundation for subsequent market share improvement.