Samsung Electro-Mechanics' stock price is rising by more than 7% in the early trading. This comes as securities analysts expect benefits from the semiconductor supply contract between Samsung Electronics and Tesla.
According to the Korea Exchange and others on the 30th, Samsung Electro-Mechanics' stock price reached 147,900 won, up 7.64% (10,500 won) compared to the previous trading day as of 9:25 a.m.
The forecast from securities analysts that the 22.8 trillion won next-generation artificial intelligence (AI) chip A16 foundry supply contract signed by Samsung Electronics with Tesla would also be a boon for Samsung Electro-Mechanics served as the driving force behind the stock price increase.
DAISHIN SECURITIES noted that Samsung Electro-Mechanics had previously supplied semiconductor substrates FC BGA for Samsung Electronics and Tesla's earlier semiconductors AI4 and AI5, and supply of parts for AI6 is expected.
Meanwhile, at the same time, Samsung Electronics' stock price is also strong, rising nearly 2% compared to the previous trading day, recording 72,000 won.
Elon Musk, Tesla's Chief Executive Officer, stated on his social media (SNS) on the 29th that he discussed specific cooperation plans between the two companies while communicating with Lee Jae-yong, chairman of Samsung Electronics, which has been a positive factor.
He said, "I had a video call with Samsung's chairman and senior executives to discuss what the actual partnership would look like" and noted, "We will leverage the strengths of both companies to achieve great results."