[Market Focus] CPSYSTEM Shares Surge on Inclusion in Samsung Electronics, Tesla, and Apple Cable Chain Supply Chain

CPSYSTEM shares are showing strong performance. The news that the company will expand its supply of cable chains to the semiconductor process supply chain encompassing Samsung Electronics, Tesla, and Apple appears to be driving the positive sentiment.

As of 2:06 p.m. on September 23, CPSYSTEM shares were trading at 3,180 won, up 22.97% from the previous day. The surge in investor interest is attributed to the announcement that the company will expand its supply of cable chains through major equipment manufacturers that make up the Samsung Electronics semiconductor process ecosystem.

CPSYSTEM supplies cable chains for automation and inspection equipment delivered to Samsung Electronics by semiconductor equipment companies such as Techwing, SEMES, and Koh Young Technology, which are key partners of Samsung Electronics.

In particular, expectations for earnings growth are rising ahead of the planned supply of the "G-Clean Chain," which features ultra-low dust characteristics. With Samsung Electronics and Tesla signing a foundry contract worth 2.28 trillion won and the new factory in Taylor, Texas nearing operation, demand is expected to expand globally. CPSYSTEM has already achieved 75% of its total cable chain sales to Samsung Electronics for the entire previous year in just the first half of this year.

Additionally, the company is expanding its overseas markets by supplying ultra-low dust cable chains to Foxconn, a partner of Apple. As a result, CPSYSTEM is expected to secure a customer base that includes Samsung Electronics, Apple, and Tesla.