Samsung Electronics is seeing related stocks rise in early trading on the 7th with news of its entry into the glass substrate business.
As of 10:16 a.m. that day, PIE was trading at 5,880 won, up 1,350 won (29.80%) compared to the previous trading day. PIE surged right after the market opened, hitting the upper limit price (the maximum daily price restriction) during early trading.
In addition, stocks related to the glass substrate sector that are noted include RAMTECHNOLOGY (14.61%), Philoptics (13.05%), Hanbit Laser (12.87%), YCCHEM (10.20%), Chemtronics (9.57%), C&G Hi Tech (7.73%), and INTEKPLUS (2.72%), all of which are also seeing gains.
According to a report from a media outlet the previous day, Samsung Electronics is known to be pursuing cooperation with several materials, parts, and equipment (so-bu-jang) companies to produce semiconductor glass substrates. Discussions are reportedly being led by the purchasing team within the Samsung Semiconductor Division (DS), and it is said that they are planning to establish an independent supply chain.
Following the push into the glass substrate business by Samsung Electronics, related stocks, including PIE and YCCHEM, closed at the upper limit the previous day.