Powertech Technology Inc. stock surges over 7% on AI demand and Broadcom partnership

Powertech Technology Inc. (PTI), a major semiconductor packaging and testing firm, saw its stock price surge dramatically, climbing over 7% in early trading to reach NT$315. This strong performance is fueled by the growing demand for AI chip packaging and a significant strategic partnership with Broadcom.

The company's stock has shown robust momentum, following an 8% jump on the previous day. As of 9:55 AM, it was trading at NT$306.5, up 4.25%, successfully surpassing its quarterly moving average. Trading volume reached 12,000 shares, indicating strong investor interest.

Institutional investors have been actively supporting PTI's stock. Foreign investors purchased 1,769 shares on the previous day, while investment trusts bought 907 shares, marking their third consecutive day of buying. Only proprietary traders sold a small number of shares.

In a significant move to expand its advanced packaging capabilities, PTI's board approved a $400 million investment to form a joint venture with Broadcom in Singapore. This venture will focus on manufacturing advanced packaging substrates, particularly for panel-level packaging (FOPLP), a technology recently invested in by another major client, AMD.