GlobalWafers Co Ltd

The Penghua STAR 100 ETF rose 3.18% in morning trading to 1.65 yuan, tracking the SSE STAR 100 Index which jumped 3.13%. In news, China Shipbuilding Industry Group Special Gas noted that tungsten hexafluoride, a key consumable for memory chips, is expected to see rapid demand growth driven by AI. GlobalWafers said its semiconductor silicon wafer production lines are almost fully loaded and it is negotiating new long-term agreements with multiple customers. China Securities analysts noted that benefiting from AI computing demand, major players like TSMC, Micron, and Samsung have expansion plans extending beyond 2030, with cleanroom capacity becoming a bottleneck, and domestic equipment is filling the global gap with delivery efficiency and cost advantages. Among constituents, China Shipbuilding Industry Group Special Gas rose 11.24%, Grinm Advanced Materials rose 10.95%, and Puya Semiconductor rose 9.14%.

Micron Technology said it will boost US investment to more than $250 billion by 2035 as demand for AI memory chips surges. The company is also allocating $3 billion separately to strengthen the domestic semiconductor supply chain, including $500 million in financing for GlobalWafers to expand its Sherman, Texas, wafer facility backed by a 10-year supply agreement. The spending supports Micron's goal of producing 40% of its DRAM chips domestically and comes as the company marked the first concrete pour at its Clay, New York, fab, which is expected to become the largest semiconductor manufacturing site in US history.

Micron Technology shares have fallen 22% from their June 25 all-time high of $1,255, creating what Zacks Investment Research calls a lucrative opportunity for both short- and long-term investors. The memory-chip maker is riding a wave of AI-driven demand that has pushed its gross margin to 84.9% in the fiscal third quarter, up from 39% a year earlier, and driven triple-digit expected revenue and earnings growth for the current fiscal year. Micron guided for fiscal fourth-quarter revenue of $50 billion, plus or minus $1 billion, and adjusted earnings per share of $31.00, plus or minus $1.00. The stock trades at a forward price-to-earnings multiple of 13.43, well below the industry average of 27.73, and carries a Zacks Rank of 1, or Strong Buy, with a consensus analyst price target implying 52.2% upside from the last close of $979.30. The company also recently raised its U.S. investment plan to more than $250 billion through 2035 and struck a 10-year, $3 billion silicon-wafer supply deal with GlobalWafers.

Micron Technology stock jumped 8% on Thursday, leading a broader rally across memory and AI-related chip stocks that also lifted Sandisk, Western Digital, Marvell, Broadcom, Intel, and AMD. The gains came after reports that SK Hynix's US IPO is oversubscribed, signaling strong institutional demand for AI memory plays. Micron separately announced plans to invest up to $3 billion to strengthen the US semiconductor supply chain, including a 10-year supply agreement with GlobalWafers for raw silicon wafers from its Texas operations. A critical shortage of high-bandwidth memory used in AI data centers has driven sharp gains in Micron, Samsung Electronics, and SK Hynix, with Wall Street expecting supply constraints to persist through 2027. SK Hynix is set to debut on the Nasdaq on Friday under the ticker SKHY, offering 177.9 million American depositary shares.