[Featured Stock] Samsung Electro-Mechanics Rises on MCLL Supply to BYD

Samsung Electro-Mechanics is showing strength following news that it will supply multilayer ceramic capacitors (MLCC) to BYD, China's largest electric vehicle company.

As of 9:20 a.m. on the 16th, Samsung Electro-Mechanics is trading at 124,400 KRW, up 4,700 KRW (3.93%) compared to the previous day on the Korea Exchange.

According to the electronic components industry, Samsung Electro-Mechanics recently received final approval from BYD for MLCC supply and has begun full-scale delivery. MLCCs are key components that ensure stable current flow and are used in various electronic devices including smartphones, computers, home appliances, automobiles, 5G communications, and the Internet of Things.