[Asia Economy Reporter Jang Hyowon] The stock price of IA, a semiconductor company specializing in automotive electronics, is showing strong performance. This is interpreted as reflecting expectations for future vehicle businesses such as electric vehicles, hydrogen vehicles, and autonomous vehicles, driven by the Green New Deal policy and the increasing domestic supply of eco-friendly cars.
As of 11:15 AM on the 25th, IA is trading at 414 KRW, up 8.38% compared to the previous day.
According to the 'Annual Vehicle Registration Status' data announced by the Ministry of Land, Infrastructure and Transport the previous day, the number of registered electric vehicles reached 111,307 as of the end of June this year, increasing by 23.8% in six months. The number of hydrogen vehicle registrations increased 8.6 times in 18 months.
According to an automotive industry official, as global automakers are competing to launch cutting-edge future vehicles such as autonomous vehicles, electric vehicles, and hydrogen vehicles, the stock prices of companies producing core parts for future vehicles are rising.
IA is a semiconductor company specializing in automotive electronics, supplying automotive intelligent battery sensor (IBS) modules and HPM (high power modules) to Hyundai Kia Motors. It focuses on power modules, power controllers, and power semiconductor businesses, conducting related operations domestically and internationally. The company has built a business portfolio ranging from power modules to power semiconductors with its affiliates and has entered the Chinese electric vehicle market by establishing joint ventures with the governments of Yancheng and Zhangjiagang cities in China.
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