The Zhitong Finance App learned that Pudat Technology (00650) rose nearly 14% in early trading. As of press release, it had risen 9.09% to HK$0.36, with a turnover of HK$406.671 million.

According to the news, the National Integrated Circuit Industry Investment Fund Phase III Co., Ltd. was formally established on May 24, 2024, with a registered capital of 344 billion yuan. Guojin Securities said that the registered capital of the third phase of the Big Fund was significantly higher than the previous two, and the country continues to increase its investment support for the semiconductor industry chain. Regarding the specific investment of the third phase of the Big Fund, CITIC Securities expects semiconductor manufacturing to remain the largest, and is expected to further increase support for critical areas such as equipment, materials, components, EDA, and IP. It is recommended to continue to focus on leading companies in related fields.

According to reports, the main products of Xinkai Semiconductor, the holding company of Pudat Technology, are high-end equipment such as LP-CVD and ALD for 12-inch semiconductors, which can provide equipment, application solutions and after-sales support for global semiconductor manufacturers. At the SEMICON CHINA International Semiconductor Exhibition held in March of this year, Xinkai Semiconductor's portable Ald-SiN/SiCN atomic layer silicon nitride deposition equipment participated in the exhibition.