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MicroAlgo Making Bank with New Semiconductor Endeavor

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MicroAlgo, Inc. MLGO shares were on fire today after the company announced a groundbreaking venture into the semiconductor industry.

What’s Happening: Today, MicroAlgo revealed plans to align with the Shenzhen University Semiconductor Manufacturing Research Institute and the Haikou Comprehensive Free Trade Zone Management Committee to establish a postgraduate training practice base.

Once the base is up and running, the three entities will focus on joint training of master’s degree students and pairing school tutors, aiming to propel the realm of cooperation to new heights.

MicroAlgo’s bet is that this collaboration will bolster sustainable growth in the semiconductor industry, with potential spin-offs such as the development of academic disciplines and the conversion of scientific and technological achievements at Shenzhen University.

Benzinga Pro data shows the stock saw a staggering trade volume of 77.51 million shares, well above its usual 1.68 million.

Related Link: Want the Scoop on Block Stock?

MLGO Price Surge: By the time the market closed, MLGO had soared an awe-inspiring 295.9% to $9.58, as reported by Benzinga Pro.Β 

Image by Michael Schwarzenberger from Pixabay

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