Focus Stocks》KYD: Named Huida as the most exposed company, soaring more than 6% without fear of Lao Huang stepping down
After Huida CEO Huang Renxun resigned, KYEC's stock price was not affected, rising 6.5% in early trading, standing at 228 yuan
Quick Look
- After Huida CEO Huang Renxun resigned, the market worried that the partnership with KYEC would be affected.
- However, KYEC’s stock price soared by more than 6% in early trading on the 13th, standing at 228 yuan.
- KYEC Huida's revenue accounted for 36%, and it is an important supply chain for Huida's high-end AI chip back-end testing.
AI-generated summary
Why It Matters
Huang Renxun, CEO of Huida, resigned on the 12th, sending a shock bomb to the market. KYEC was named as Huida, accounting for the highest revenue share, reaching 36%. KYEC mainly undertakes back-end testing of Huida's high-end AI chips, benefiting from the surge in demand for AI GPU and ASIC chip testing.
NVIDIA CEO Jensen Huang resigned on the 12th, sending a shock bomb to the market. Semiconductor testing factory KYEC Electronics (2449) was named as having the highest revenue share of 36%. The market is worried that after Huang Renxun's resignation, it may affect the future cooperation between the two parties. However, KYEC's stock price was not affected today (13th) and rose in early trading. As of 9:30 a.m., it rose by more than half the limit, or 6.5%, to stand at 228 yuan.
KYEC mainly undertakes back-end testing of Huida's high-end AI chips. It has benefited from the surge in testing demand for AI GPU and ASIC chips. As chip computing capabilities and power consumption increase, test time and complexity increase simultaneously, pushing up the demand for high-end testing capacity. With its high-end chip testing capabilities, KYEC has become an important supply chain link for Huida to expand AI chip shipments.
Huida also recently signed a prepayment agreement with KYEC to support the construction of new test production capacity in the United States and reserve relevant production capacity in advance. This also adds momentum to KYEC's US$1.4 billion US design plant plan.
What to Watch
AI outlook — possibilities, not facts
The cooperative relationship between KYEC and Huida will maintain the status quo
Likely · Within months
KYEC’s US design factory plan will continue to advance
Likely · Within months
Open Questions
- What is the specific reason for Huang Renxun's resignation?
- After Huang Renxun's resignation, will there be substantial changes in the cooperative relationship between Huida and KYEC?
- What is the specific timetable and progress of KYEC’s US design factory project?
