Gate semiconductors up nearly 16% to show driver chips in short supply
Gate semiconductor (02878) regained its popularity in early trading. As of press release, it rose 15.94% to HK $0.8 with a turnover of HK $44.2732 million. On the news side, according to omdia data statistics, the total demand for driver ICs showed a double-digit growth last year, reaching 8.07 billion. In order to cope with the shortage, mobile phone brands such as Xiaomi, apple, oppo and vivo planned ahead of time and planned to sign a panel purchase contract with Samsung display in April this year. TSMC and Fuhong Chuangxin also increased the price of driver IC and other chips one after another.