[Special Stock] IM Soars on 106 Trillion Won Camera Module Market Growth... Surge in Orders from Global Manufacturers

IM is showing strength following news of a sharp increase in orders for key camera module components for global manufacturers.

As of 2:17 PM on the 30th, IM was trading at 6,530 KRW, up 150 KRW (2.35%) from the previous trading day.

On this day, IM announced that its Vietnam factory recorded the highest order volume for the fourth quarter. According to the company, orders for VCM (voice coil motor) modules, centered on AF (autofocus) modules and OIS (optical image stabilization) actuators from the Vietnam factory, increased by 25% on average compared to the third quarter.

IM's VCM combines AF modules and OIS actuators and is a core component of camera modules. In particular, the OIS actuator is essential for the advancement of smartphone cameras and is known to have high unit prices and margins.

An IM representative said, "Based on proprietary patents related to OIS and VCM, we have technological competitiveness compared to other companies," adding, "Recognized for this, our products are applied to most flagship smartphones of global smartphone manufacturers, from entry-level to premium series."

According to market research firm Exactitude Consultancy, the global camera module market is expected to reach $81.85 billion (approximately 106 trillion KRW) by 2029.

IM is an optical component manufacturing company established in 2006 after spinning off from Samsung Electro-Mechanics. A company representative stated, "Even in the seasonal off-season of the fourth quarter, sales growth is expected to continue, achieving the highest quarterly performance this year."