[Featured Stock] Jeju Semiconductor Surges on News of Supplying Pfizer COVID-19 Vaccine Containers

[Asia Economy Reporter Ji Yeon-jin] Jeju Semiconductor's stock price is soaring on the 21st following news that it will supply memory semiconductors for Pfizer's COVID-19 vaccine containers in the United States.

As of 10 a.m. on the same day, Jeju Semiconductor recorded 5,650 KRW, up 29.89% compared to the previous day. The company also triggered the volatility interruption (VI) twice in the early trading session.

Jeju Semiconductor announced that it is applying 256-megabit (Mb) memory capacity DRAM (LPDDR1) to the control sensors used in Pfizer's COVID-19 vaccine storage containers.

Generally, containers used to store and transport vaccines must maintain an ultra-low temperature consistently, so various electronic components such as memory semiconductors and sensors are used.

Park Seong-sik, CEO of Jeju Semiconductor, explained, "Pfizer's vaccine requires storage containers that maintain ultra-low temperatures consistently, and the control sensors installed in these containers must also be suitable for extreme environments. This control sensor installation proves the excellence of our memory semiconductor products."

Meanwhile, Jeju Semiconductor is a fabless semiconductor company specializing in memory semiconductors, applying low-capacity memory semiconductor products to the Internet of Things (IoT), mobile devices, and automotive electronics.