[Asia Economy Reporter Minwoo Lee] Iljin Display's stock price is on the rise. It appears that the news of supplying mini LED-related components, which are key to the metaverse (extended virtual world), to Apple and Samsung has been highlighted.
As of 9:04 AM on the 18th, Iljin Display's stock price recorded 4,705 KRW, up 9.93% compared to the previous day. With IT giants such as Samsung and Apple gradually entering the metaverse, the news that this company supplies related equipment to them seems to have been emphasized.
Earlier this month, Samsung Electronics joined the Metaverse Alliance, recently formed by the government with the purpose of creating an innovative metaverse platform through 'super cooperation' between industries and companies. Apple is also reportedly preparing to officially enter the metaverse market by unveiling augmented reality (AR) around mid-next year.
Iljin Display supplies sapphire wafers capable of producing the core mini LEDs for the metaverse to Epistar. Epistar supplies mini LED chips to Apple and Samsung Electronics. The structure is Iljin Display (wafer) → Epistar (chip) → Samsung Electronics/Apple (set). As the ultra-small LED market opens, it is expected that demand for sapphire substrates will sharply increase, as they are used in manufacturing just like LED chip production, benefiting Iljin Display.
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