Winbond Electronics stock price jumps as Morgan Stanley target hike fuels Taiwan memory rally
Winbond shares surged nearly 8% in early Taipei trading Monday, hitting NT$117 after Morgan Stanley raised its target price to NT$130, citing tighter supply in older memory chips. Trading volume dropped to 25.4 million shares. Powerchip jumped almost 10% after Micron announced a $1.8 billion fab acquisition in Taiwan. Investors await Nanya Technology’s earnings call later in the day.
