STOCKS | Hanmi Semiconductor Surges Over 28% on Record Sales, AI Demand

Hanmi Semiconductor shares surged over 28%. According to Jin10, the rally was driven by the company's better-than-expected second-quarter results and a boost in investor confidence in AI semiconductor stocks after the U.S. consumer price index (CPI) came in below expectations. The company reported a consolidated operating profit of 130.3 billion won for the second quarter, up 51.0% year-on-year, beating the market consensus of 121.0 billion won by about 8%. Its operating margin reached 51.9%, surpassing the 50% mark for the first time in a single quarter and setting a record high. Revenue for the quarter was 251.1 billion won, up 39.5% year-on-year, the highest quarterly sales since the company's founding.