In the first half of this year, Samsung Electro-Mechanics was tallied as the stock with the highest share price increase in the domestic stock market. Samsung Electro-Mechanics posted more than a sevenfold rise on expectations for multilayer ceramic capacitors (MLCC) for AI servers.
According to the Korea Exchange (KRX) on the 5th, from January to June this year, Samsung Electro-Mechanics' share price climbed from the 270,000-won range to 2,184,000 won, logging a 756.4% gain. SamsungElecMech(1P) also jumped about 580%, from the 120,000-won range to 795,000 won.
On the back of the surge, Samsung Electro-Mechanics' market capitalization also soared from 2.01672 trillion won to 16.3131 trillion won. Its market cap ranking leaped from No. 33 to No. 5.
Samsung Electro-Mechanics' share price gain far outpaced Samsung Electronics and SK hynix. Over the same period, Samsung Electronics rose 178.6%, and SK hynix gained 307.1%.
The rise in Samsung Electro-Mechanics' share price is analyzed as driven by growing MLCC demand as AI server build-outs expand. Samsung Electro-Mechanics recently won a 160 billion-won silicon capacitor supply contract and also signed an MLCC supply contract worth 450 billion won.
The No. 2 gain in share price also went to an MLCC manufacturer, Samwha Capacitor. Samwha Capacitor's gain over the period was 416.24%. Next were Daewoo Engineering & Construction, cited as a beneficiary of the Czech nuclear power plant order, and SK Square, the parent of SK hynix.
In the KOSDAQ market, shares of semiconductor equipment corporation Jusung Engineering rose 625.6%, ranking No. 1 in gains. GigaVis, which produces semiconductor defect detection equipment, climbed 510.2% to place No. 2, and Taihan Fiberoptics, a fiber-optic manufacturing corporation, ranked No. 3 with 493.3%.