Chemtronics stock is strong at the beginning of the market on the 13th. This is interpreted as investment sentiment being stimulated by Chemtronics' acquisition of J3, which has technology that can be used for manufacturing glass substrates.
Chemtronics shares were traded at 28,450 won on the Korea Composite Stock Price Index (KOSPI) market at 10:03 a.m. The stock price rose by 13.57% (3,400 won) compared to the previous trading day.
This seems to be due to Chemtronics' acquisition of J3, a semiconductor regenerating wafer (disk) company, through its subsidiary, Regenix. Chemtronics disclosed this fact after the market closed the previous day.
J3 has technology to regenerate discarded wafers into new wafers. Samsung Electronics and SK hynix primarily use regenerated wafers during semiconductor research and development (R&D).
The market views that Chemtronics' acquisition of J3 will help strengthen its glass substrate business, which Chemtronics is pushing as a new business. This is because J3's regenerated wafer facilities can also be utilized for glass substrate manufacturing. Recently, Chemtronics has been focusing on its glass substrate business, known as the 'dream substrate,' to diversify its revenue in the semiconductor industry.