Stock Track | NSING TECH Soars 14.08% Intraday on Product Price Hikes and Strategic Partnership

Stock Track

04/09

NSING TECH's stock soared 14.08% during intraday trading on Thursday, marking a significant upward movement for the semiconductor company.

The surge follows the company's announcement of price adjustments for its products. Due to substantial and continuous increases in the cost of core raw materials, including wafers and packaging materials, NSING TECH has decided to raise prices for some of its products by 15% to 20%.

Additionally, the company has entered a strategic cooperation agreement with Inovance Technology, establishing a joint team to deepen collaboration in core areas of industrial automation such as servo systems and inverters. NSING TECH will provide underlying chip core technology support, jointly promoting innovation in the industrial control sector.

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