Storage chip sector continued to rebound in the afternoon, with Shannon Chip Tech rising more than 5% to hit a new high.

Storage chip sector continued to heat up in the afternoon, with Shannon core rising by over 5% to a new high. Jiangbolong, Beijing Junzheng, Zhaoyi Innovation, Biwei Storage, and Yunhan Xincheng all saw gains. According to data from the China Semiconductor Industry Association, revenue of listed companies in the storage chip industry grew by 16.08% in the first three quarters, with net profit increasing by 26.44%.