[Asia Economy Reporter Ji Yeon-jin] KMH Hightech surged to the price limit on the 25th as news spread that Samsung Electronics is mass-producing high-performance SSDs (Solid State Drives) dedicated to data centers and supplying them to Facebook.
KMH Hightech began to soar from 10:06 AM and as of 10:41 AM, it is trading at 2,235 KRW, up 515 KRW (29.94%) compared to the previous day. KMH Hightech's main businesses are semiconductor materials and SSDs.
Earlier, Samsung Electronics announced the day before that it has mass-produced the data center-dedicated high-performance Solid State Drive (SSD) PM9A3 E1.S and is supplying it to Facebook.
This new product is the industry's first data center-dedicated SSD based on 6th generation V-NAND and supports the NVMe cloud SSD standard of the OCP (Open Compute Project). Analysts say that Samsung has taken a foothold in the future growth market based on NAND flash-based SSDs.
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