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Shin Ya Process Issues Clarification on May 26, Reiterates Non-Semiconductor Business Focus Amid 20% Stock Surge

GateNews

2026-05-26 12:02:48

According to an announcement issued on May 26, Shin Ya Process said its stock experienced abnormal trading volatility, with cumulative price gains exceeding 20% over two consecutive trading days (May 25-26). The company clarified that its core business involves lithium-ion battery material manufacturing and electronic chemical production, not semiconductor design, manufacturing, or packaging. The statement addressed market speculation linking the company to Huawei's recent announcements and emphasized that its collaborations do not involve semiconductor-related research, design, or manufacturing.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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