Samsung Electro-Mechanics rose more than 3% early on the 30th. Buying appears to be pouring in on news that it will carry out a trillion-won-level facilities investment at its Sejong plant.
As of 9:35 a.m. that day, Samsung Electro-Mechanics was trading at 2,112,000 won, up 74,000 won (3.63%) from the previous session.
Samsung Electro-Mechanics is said to be set to make a final announcement on July 2 on plans to expand its plant and invest on a trillion-won scale. As investor interest concentrates on Samsung Electro-Mechanics, the stock is seen gaining early in the session.
Sejong City has received a proposal from Samsung Electro-Mechanics for electricity and water supply needed for the plant expansion and is reviewing various support measures.
Samsung Group said the previous day that it would invest 625 trillion won in the Yeongho-Nam and Chungcheong regions to foster cutting-edge future industries in the artificial intelligence (AI) era and to promote balanced regional development.
Samsung Electro-Mechanics plans to expand its Sejong plant to build an advanced package substrate line for AI servers. This is seen as a preemptive response to surging server demand as global data center construction continues.
If the production line expansion is confirmed, it is expected to be the largest investment since Sejong City was launched.