[Featured Stock] Shinhwa Contec 'Strong Rise'... Impact of USB-C Charging

Shinhwa Contec Logo

[Asia Economy Reporter Junho Hwang] Shinwha Contec's stock price has been showing strength since the beginning of trading on the 12th.

As of 9:26 AM that day, Shinwha Contec's stock price was 5,480 KRW, up 21.37% from the previous day.

The rise is analyzed to be due to Apple's plan to equip the iPhone 15, to be released next year, with a USB-C charging port instead of the Lightning port.

Shinwha Contec is a company that developed the USB C-type (USB 3.1). Last month, the Internal Market and Consumer Protection Committee (IMCO) of the European Parliament also passed a plan to expand the application of a bill to unify mobile device chargers to USB-C.