In early trading on the 6th, Samhwa Paint shot straight to the daily limit. Investor sentiment appeared to be buoyed by news that the company will supply high-performance MMB (Melt Master Batch), a next-generation semiconductor packaging material, to Samsung SDI.
As of 9:19 a.m., Samhwa Paint was trading at 10,120 won on the Korea Exchange, up 2,330 won (29.91%) from the previous trading day.
Samhwa Paint said in a news release that it has completed development of MMB, a semiconductor packaging material, with Samsung SDI and begun mass production and supply. MMB is an intermediate product used to make epoxy molding compound (EMC) for semiconductor packaging.
The product will be supplied to Samsung SDI and is expected to be used in the packaging of the core application processor (AP) for newly launched mobile devices.
A Samhwa Paint official said, "We plan to further strengthen our electronic materials business, including secondary batteries as well as semiconductors, and leap beyond paint manufacturing into a global comprehensive chemical company."