HK Stock Market Move | Ingenic Semiconductor (03223) rises nearly 7% again, driven by strong demand in the memory chip market, with third-quarter net profit up nearly 26 times year-on-year.

Ingenic Semiconductor (03223) rose nearly 7% again. As of press time, it was up 3.65% at HK$82.35, with a turnover of HK$70.7514 million. On the news front, Ingenic Semiconductor released its third-quarter results, reporting operating revenue of RMB3.145 billion, up 164.85% year-on-year; net profit attributable to shareholders of RMB1.419 billion, up 2,595.49% year-on-year and up 61% quarter-on-quarter. Ingenic Semiconductor said that strong demand in the DRAM chip market and tight market supply have driven continued product price increases; demand in the Flash chip market continues to grow, and emerging fields such as AI servers are also driving demand for SRAM chips, with sales revenue from the company's memory chip product line continuing to grow substantially. In addition, Ingenic Semiconductor released an announcement of its investor relations activity record, stating that the company is focusing on expanding into the NorFlash field and has now entered the supply chain of the top suppliers with the strongest demand in the AI server market, while conducting forward-looking R&D around AI storage to capture new opportunities. On the supply side, the NorFlash capacity issue has been basically resolved, but DRAM capacity remains constrained, with new capacity expected to come on stream gradually only after 2027, so DRAM growth in 2027 may mainly come from price increases.