Market capitalization quadrupled in half a year, Japanese chipmaker Socionext took advantage of the AI craze

CTOnews.com June 26 news, according to Investing reports, Japanese chip design company Socionext shares have risen fourfold since the initial public offering in October last year, outperforming Sony, Keynes and other giants, becoming the best performing company in Japan's stock market this year.

▲ Source: Socionext, the same below reported that Socionext rose more than 200% this year, and its market value once exceeded 950 billion yen (CTOnews.com Note: Currently about 47.69 billion yuan). This was helped by a rally in global AI semiconductor stocks, with Socionext shares up 10% after NVIDIA reported better-than-expected results in May.

Socionext is the only listed company in Japan responsible for customizing Soc chips, said Rina Okasan, a securities strategist. She points out that Socionext develops and produces chips only after receiving orders, and its operating model is fundamentally different from Nvidia and AMD.

▲ Source: Samsung Socionext was founded in 2015 by the merger of Fujitsu Semiconductor and Panasonic Semiconductor. CTOnews.com notes that Socionext won the 73rd annual Technology and Engineering Emmy Award last year for its video stabilization technology for GoPro. In addition, it is reported that Samsung has been equipped with an independent ISP provided by Socionext to optimize photo quality since the smartphone Galaxy S6.