LG Electronics Sees Significant Share Price Gain Following Reports of AI Memory Chip Equipment Entry

LG Electronics Inc.’s (066570.KS) stock witnessed a substantial increase of 2.52%, as the company reportedly prepares to enter the high-stakes AI memory chip equipment market, signaling a strategic push into advanced semiconductor technology.

The sudden surge is attributed to LG’s potential entry into the niche but strategically important sector. The move underscores the electronics giant’s ambition to diversify beyond traditional business lines and capitalize on the burgeoning demand for hybrid bonding tools essential for high-bandwidth memory (HBM) production.

Source: coincentral.com