[Market Highlight] Sapien Semiconductor Hits Record High on 5.4 Billion Won CMOS Backplane Development Contract

Sapien Semiconductor is showing strong performance in early trading.

As of 9:03 a.m. on December 26, Sapien Semiconductor was trading at 36,150 won, up 9.21% (3,050 won) from the previous trading day. During the session, the price climbed to 36,200 won, setting a new 52-week high.

Investor sentiment appears to have been boosted by news that the company has secured a CMOS (complementary metal-oxide-semiconductor) backplane development contract with a global microdisplay solutions company. The backplane is a circuit located on the rear side of a display panel, referring to the process of designing and manufacturing extremely fine circuits on a silicon wafer to drive next-generation ultra-small displays.

The contract is valued at approximately 5.4 billion won, which is about 68% of the company’s recent sales. The contract period runs from December 1 of this year to November 23 of next year.

Meanwhile, Sapien Semiconductor was removed from the investment warning list on this day and will be designated as an investment caution stock for one day.