Jeju Semiconductor is rebounding after six days.
As of 11 a.m. on the 28th, Jeju Semiconductor is trading at 26,300 won, up 12.63% from the previous day.
Jeju Semiconductor once rose to 38,550 won intraday on January 25 but underwent a two-month correction. After a rapid surge in a short period, selling pressure for profit-taking emerged, causing the price to fall to 23,000 won the day before.
Jeju Semiconductor is a low-power, low-capacity memory semiconductor fabless company. It sells S-RAM, D-RAM, NAND MCP, and other products for Internet of Things (IoT) devices and edge devices, and is the only domestic company possessing an LPDDR5 5G IoT solution. Its products are mainly outsourced for production through Taiwanese foundries such as Powerchip and Winbond.
Kim Young-geon, a researcher at Mirae Asset Securities, published a report last month stating, "Interest in Jeju Semiconductor has increased along with the growth of the on-device AI industry," and explained, "IoT application areas include communication modules, smart meters, CCTV, and other smart city devices, which are priority terminals for on-device AI application in the future."
He added, "As major domestic memory companies such as SK Hynix and Samsung Electronics expand their share of leading-edge processes, the share of mature node processes is expected to gradually decrease," and "there is a possibility that Jeju Semiconductor's main products will be incorporated."
He assessed, "It is premature to define the limits of the potential of on-device AI at this point," and "Considering the fabless characteristics that allow short-term sales leverage through foundries assuming a sudden surge in demand, it is worth focusing on growth potential for the time being."
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