[Market Focus] Megatouch Surges on Monopoly in Domestic Battery Components Amid Hyundai Motor and Samsung SDI Alliance
On January 22, battery-related stocks showed strong performance, and shares of Megatouch, a company specializing in components for secondary battery and semiconductor testing equipment, also rose. As domestic battery companies collaborate with robot manufacturers to explore future growth opportunities, attention has turned to Megatouch, which holds a monopoly in the domestic battery inspection equipment market.
As of 2:43 p.m. on this day, Megatouch shares were trading at 4,155 won, up 10.95% from the previous day. The expectation that the scale of business performance could grow as secondary battery companies increasingly partner with robotics firms appears to be driving the stock price upward.
Recently, LG Energy Solution has reportedly been closely reviewing specifications for robot-dedicated batteries with Tesla, which is developing the humanoid robot "Optimus." Samsung SDI is said to be working with Hyundai Motor Group on the joint development of batteries specifically for robots.
Since both companies are clients of Megatouch, market expectations are rising. Founded in 2010, Megatouch manufactures pins, which are equipment components used in secondary battery and semiconductor testing processes.
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Megatouch's main product, the "charge-discharge pin," is used in the activation process of secondary battery manufacturing. Megatouch supplies this product to LG Energy Solution, Samsung SDI, and SK On, effectively monopolizing the market.
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