[Click e-Stock] "Trump's Quantum Support... This Stock Set to Lead the Market"

"ICTK, the Only Korean Firm to Independently Develop PUF Technology"

On May 28, Hana Securities projected that ICTK is set to become a leading player in the quantum industry, raising its target price from 40,000 won to 60,000 won while maintaining a 'Buy' investment recommendation.

Hongshik Kim, an analyst at Hana Securities, stated, "As the Trump Administration has announced a 2 billion dollar support plan for the quantum industry, ICTK is expected to benefit." He added, "Reflecting the ongoing expansion of global quantum stock valuations, we are revising the target price-to-book ratio (PBR) upwards and raising the target price accordingly."

Kim cited that industries supported by U.S. regulatory authorities typically see a sharp rise in stock prices. For example, he explained that industries such as semiconductors, renewable energy, and optical communications—which have been strategically fostered by U.S. policy—have all experienced significant stock price surges. He further noted, "In particular, after the BEAD (Broadband Equity, Access, and Deployment) program triggered investment in fiber-optic communications in the U.S., not only American optical communication stocks but also domestic companies in the same sector saw their stock prices soar. Given that this policy is accompanied by actual funding and signals that U.S. regulators are now actively supporting the quantum industry, it is likely to serve as a catalyst for a sharp rally in quantum-related stocks."

Among domestic companies, Kim predicted that ICTK will become the leading stock in the Korean quantum industry based on its technological prowess and industry references. Kim emphasized, "Over time, ICTK is bound to establish itself definitively as the leader of the quantum sector. ICTK is the only company in Korea to have independently developed PUF (Physical Unclonable Function) technology, whereas other domestic quantum players are merely producing under license from overseas competitors."

Kim also viewed positively the fact that ICTK is the first Korean company to supply quantum security chips for the key devices of global big tech firms. He explained, "It is significant that the contract was signed with ICTK, rather than with eMemory of Taiwan or Intrinsic ID under Synopsys, both of whom are leading players in the global PUF market." He analyzed, "Using this contract as a reference, ICTK can expand its customer base across global big tech companies, and having outpaced the market leader, this marks an inflection point for ICTK as it emerges as a full-fledged global player."

This content was produced with the assistance of AI translation services.