DB HiTek's stock price is strong, rising more than 10% in early trading on the 11th. This appears to be due to news from the previous day that DB HiTek is set to contract manufacture autonomous driving chips for Tesla.
According to the Korea Exchange on the same day, DB HiTek's shares are trading at 34,600 won, up 2,900 won (9.15%) from the previous day as of 9:31 a.m. DB HiTek's stock rose more than 10% in early trading.
This is interpreted as a report from the previous day, the 10th, that indicated DB HiTek has entered the final approval stage for mass production of high-frequency (RF) chips for Tesla vehicles. Tesla officials, who went through the chip quality verification process, are said to have recently conducted an on-site inspection of DB HiTek's production line.
With news about DB HiTek, the stock price of its parent company DB is also rising. According to the Korea Exchange on the same day, DB is trading at 1,456 won, up 86 won (6.28%) from the previous day as of 9:33 a.m.