The surge in the company's stock has also significantly increased the value of stakes held by Chairman Kim Sang-Beom and his family, which is now worth more than $800 million as of August 3. The company's success is attributed to the growing demand for its products from major tech companies involved in the development of artificial intelligence.
Key takeaways:
- Isu Petasys Co., a South Korean circuit board maker, has seen its share price surge 487% this year due to investor interest in artificial intelligence.
- The company's customers include tech giants such as Alphabet Inc., Nvidia Corp., and Microsoft Corp.
- The surge in share price has increased the value of stakes held by Chairman Kim Sang-Beom and his family to over $800 million as of August 3, 2023.
- The company is among the biggest gainers on South Korea’s benchmark stock index.