[Featured Stock] Hanmi Semiconductor, Concerns Over Impact of HBM3E Design Change ↓

Hanmi Semiconductor, which surged on the news of strong third-quarter earnings the previous day, turned weak within a day.

As of 10:07 a.m. on the 18th, Hanmi Semiconductor is trading at 108,300 KRW on the KOSPI, down 8,000 KRW (6.88%) from the previous session.

The day before, Hanmi Semiconductor's third-quarter sales increased by 568.4% year-on-year to 208.5 billion KRW, and operating profit rose by 3,320.9% to 99.3 billion KRW, marking the highest quarterly profit since its founding.

Nevertheless, concerns arose that sales could temporarily decline due to a design change in a major customer's 5th generation high-bandwidth memory (HBM3E) from 8 layers to 12 layers. It is expected that the adjustment of the HBM3E launch plan in the fourth quarter due to the design change will negatively impact performance.

Minjung Kwak, a researcher at Hyundai Motor Securities, stated in a report on the day, "Due to the adjustment of the HBM3E launch plan in the fourth quarter, the delivery of Hanmi Semiconductor's bonding equipment to the customer is postponed to the first half of next year, leading to an expected decline in sales," and lowered the target price to 170,000 KRW.