Semiconductors

The STI still falls, however, weighed down by a drop in bank stocks

The semiconductor division posted an operating profit of US$61.1 billion

The counter ends the day at S$73.80 after 380 shares worth about S$30,000 change hands

Analysts mixed on target prices, with some bullish at 116 yuan while others remain sceptical

This follows a slate of detentions linked to the export of the firm’s AI chips to China in violation of US trade restrictions

The chipmaker, which reported a six-fold jump in profit, failed to stem the panic as the results lagged lofty expectations

Firm’s strong debut comes as as local markets navigate volatility following an AI-led sell-off

Its US$487 billion market value after its debut put it at around half the valuation of Micron and SK Hynix

Firm is the world’s fourth-largest maker of dynamic random-access memory, or DRAM