AI boom moves down the supply chain, lifting Samsung Electro-Mechanics

The artificial intelligence capital spending boom has spilled past memory and logic chips into the component tier of the supply chain, and Samsung Electro-Mechanics has become the Korean name with the clearest leverage to it. Shares of the Samsung group affiliate jumped 93.37 percent between March 31 and April 24, closing Friday at 788,000 won ($536) after opening Monday at 792,000 won, according to Korea Exchange data. The stock hit an intraday record of 816,000 won on April 22 and set fresh pe

By The Korea Herald