[Featured Stock] CodiEM Hits Daily Limit for Two Consecutive Days on Samsung Semiconductor Equipment Localization News

[Image source=Yonhap News]

[Asia Economy Reporter Ji Yeon-jin] Semiconductor and display equipment company Codiem soared to the price limit from the opening on the 7th. The stock has recorded the upper limit price for two consecutive days following news that Samsung Electronics has started domestic production of semiconductor lithography equipment through its subsidiary.

On this day, Codiem was trading at 625 won, up 29.94% (144 won) from the previous day’s opening price. The company also closed up 30.00% the previous day.

Earlier, a report came out that Samsung Electronics successfully completed the approval (qual) test of lithography process track equipment from its subsidiary Semes. The equipment tested by Samsung is track equipment for argon fluoride immersion (ArFi). The industry expects this equipment to be introduced to Samsung Electronics’ semiconductor line for the first time around next year.

The lithography process is a step where circuit patterns are printed on a round wafer using light. It is considered the most important operation in semiconductor manufacturing. However, most of the materials and equipment used in the lithography field are reportedly imported from overseas.

Meanwhile, according to Codiem’s semi-annual report, the company has participated in semiconductor equipment development together with Semes. They are supplying cleaning equipment and coating/developing equipment through an OEM method.