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SUMCO CORPORATION hits fresh high, reaching 5-year peak on Intel effect

Thu Apr 30, 2026 10:55 am JST Catalyst

SUMCO CORPORATION <3436> surged sharply with a gap-up opening, rising over 19% at one point to approach the 2,800 yen level. The stock price reached its highest zone since July 2021, approximately five years ago.

In the U.S., Intel has formed a strong upward trend, soaring over 12% in the previous day's U.S. stock market to reach near all-time highs, becoming a hot topic in the market. Against this backdrop, SUMCO, a world-leading manufacturer of semiconductor silicon wafers, is attracting buying interest due to its association with Intel as a major customer. Additionally, the Semiconductor Equipment and Materials International (SEMI) announced the previous day that global silicon wafer shipments in the January-March 2026 quarter increased 13.1% year-on-year, which is seen as a catalyst for the stock price. From a stock supply-demand perspective, "short positions via the stock lending market had recently surged sharply in Merrill Lynch trading accounts, and this short squeeze effect is also materializing," pointed out a strategist at a mid-tier securities firm.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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