Powerchip Stock Surges After Founder's Death; Investors Recall 'Chairman Huang'

Powerchip Semiconductor Manufacturing Corporation (6770) has seen a significant surge in its stock price following the passing of its founder, Huang Chong-jen, on July 31. The company's shares hit the daily limit for consecutive days, igniting investor confidence and prompting nostalgic comments on social media platforms.

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Chairman Huang's blessings!

Many shareholders have expressed their longing for the late chairman, with messages like "Chairman Huang, we miss you so much" and "May Powerchip's stock price rise to NT$100 as a farewell gift to Chairman Huang." This sentiment reflects a strong emotional connection between investors and the company's legacy, with hopes that the current upward trend will continue.

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Chairman Huang, we miss you so much.

Following Huang Chong-jen's death from cardiopulmonary failure, acting chairman Xie Zai-ju addressed the company's future operations. Xie described his working relationship with Huang as complementary, suggesting a future management style that will be stable and prudent while maintaining the company's overall development direction. He also confirmed the company's strong financial performance this year, anticipating good revenue and profit.

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May Powerchip's stock price rise to NT$100 as a farewell gift to Chairman Huang,加油!

Regarding shareholder returns, Xie Zai-ju indicated that the company plans to implement semi-annual dividend distributions, with the earliest decision expected at the board meeting next month. The goal is to achieve "profit and distribution every year" as long as market demand remains stable and the company continues to be profitable, thereby rewarding shareholders.

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Huang Chong-jen had always maintained an optimistic and open attitude towards all opportunities. My personality complements Huang Chong-jen's; the company's future management style is expected to be stable and prudent, but the overall development direction will remain unchanged.