System semiconductor company DB HiTek is showing strong performance in early trading following news that it is pursuing semiconductor foundry production to be supplied to the U.S. electric vehicle company Tesla.
As of 10:31 a.m. on the 20th, DB HiTek is trading at 53,300 KRW, up 16.25% (7,450 KRW) compared to the previous trading day.
The previous day, The Elec reported that DB HiTek is preparing for semiconductor foundry production to be supplied to Tesla, the largest electric vehicle company in North America.
Meanwhile, on the 14th, DB HiTek announced through the Korea Exchange’s corporate disclosure channel site KIND in a "Notice of Plan to Enhance Corporate Value" that "the company, together with the board of directors, is establishing measures to enhance corporate value and plans to disclose them in the third quarter of 2024."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
