Ferrotec shares rose as much as 5.5% and were bought up to ¥8,760. The signing of a strategic cooperation agreement between its Chinese subsidiary and a local company was viewed as a positive catalyst.
As of 9:25 a.m., shares of Ferrotec, which makes components for semiconductor manufacturing equipment, had risen as high as ¥8,760, up ¥460 from the previous day. The market response was accompanied by buying, sending the shares higher in a short period. This article was prepared based on reporting by The Nikkei. The information is being reported on a breaking-news basis. The company is Ferrotec.
On the 20th, the company announced that its Chinese subsidiary had signed a strategic cooperation agreement with the local company 中際旭創. Details of the agreement are provided in the main text, confirming cooperation in high-speed optical communications products for AI data centers. The agreement points to an expansion of its business scope.