STRONG COMEBACK: After delisting in 2012 due to debt, the chipmaker’s strategy to reduce operational risk and broaden its portfolio has created an upbeat outlook
Date: Dec 10, 2020
By: Lisa Wang / Staff reporter
Powerchip’s market value surpassed that of its closest rival, Vanguard International Semiconductor Co (世界先進) valued at NT$210.8 billion, based on its share price of NT$128.5 yesterday.
Powerchip shares skyrocketed to touch NT$84 soon after the market opened in the morning, from the subscription price of NT$26 per share. The stock opened at NT$55.7.
About 1.3 billion Powerchip shares changed hands, making it the most heavily traded stock on the board. [FULL STORY]