Young Poong(000670), boosted by news that its affiliate is pushing a new business in substrates for artificial intelligence (AI), hit the upper price limit early on the 14th.
At 9:38 a.m., on the Korea Exchange, Young Poong was trading at 48,250 won, up 29.52% (11,350 won) from the previous session.
Young Poong's sharp rise is seen as reflecting improved investor sentiment after news that its affiliate Young Poong Electronics succeeded in entering the market for high-layer multilayer printed circuit boards (MLB).
Young Poong Electronics recently began supplying high-layer MLB to major big tech corporations in North America, according to reports. It is pushing to diversify beyond its previous mainstay, mobile flexible printed circuit boards (FPCB), into high value-added substrate products used in AI servers and data centers.
Young Poong Electronics has cultivated the high-layer MLB segment as a new growth engine over the past three years. Targeting the AI server, high-speed network, and data center markets, Young Poong Electronics plans to develop products with 60 or more layers and up to 8.0T (mm) thickness this year and next year.