Socionext’s stock soars 16%, a record intraday record, after announcing plans to manufacture innovative central processing unit (CPU) chiplets targeting data center servers, 5G infrastructure and network edge markets. recorded the highest rate of increase.
The company announced on the 18th that it will collaborate with Arm and TSMC to develop a 32-core CPU chiplet using Taiwan Semiconductor Manufacturing Co.’s (TSMC) 2-nanometer process technology.announcementdid. The goal is to provide engineering samples in the first half of 2025.
Yugo Tsuboi, senior strategist at Daiwa Securities, said, “The company’s global profile will increase.” It remains to be seen whether this will have a major impact on business results, but many people seem to have high expectations for the company.
Socionek became popular after going public a year ago. Major shareholders Panasonic Holdings and Development Bank of Japan sold their holdings in the summer when stock prices peaked.
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Socionext stock temporarily rises 12% compared to public price – launch despite headwinds
2023-10-18 05:57:14
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