[Asia Economy Reporter Jang Hyowon] Newflex is on the rise following news that semiconductor printed circuit board (PCB) shortages have caused prices to surge.
As of 9:58 AM on the 19th, Newflex is trading at 1,905 KRW, up 7.02% compared to the previous trading day.
According to industry sources, the supply shortage of substrates used in high-spec chip packaging has caused related component prices to increase by up to nearly 40% compared to before.
As a result, Newflex, which supplies FPCB to Samsung Electro-Mechanics, is gaining attention. FPCB is thinner and lighter than PCB and is used in smartphone cameras and wireless charging batteries.
Newflex is a specialized FPCB manufacturer, primarily producing FPCB for smartphone camera modules and wireless charging batteries. Starting next year, it plans to begin full-scale production of FPCB for electric vehicle batteries.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
