KOSDAQ-listed Korea Circuit was strong early on the 5th. As the securities industry offered an outlook that it could benefit from Broadcom, buying appeared to have gathered.
As of 10:45 a.m. on the 5th, Korea Circuit was trading at 37,650 won, up 2,550 won (7.26%) from the previous session. It rose to as high as 39,300 won early in the session, setting a new 1-year high.
Daishin Securities Co. said in a report on the 5th that Korea Circuit, a maker of printed circuit boards (PCB) for semiconductors, could newly supply Broadcom next year with flip-chip ball grid array (FC-BGA) for artificial intelligence (AI) accelerator application-specific integrated circuits (ASIC).
At the same time, Daishin Securities Co. raised its target price for Korea Circuit to 55,000 won from 35,100 won and maintained its "buy" rating.
Park Kang-ho, an analyst at Daishin Securities Co., said, "Considering that Broadcom co-designed the tensor processing unit (TPU) with Google, it is highly likely that Korea Circuit will be seen as an additional supplier in terms of diversifying the product lineup."