Ibiden's share price rose sharply after comments by NVIDIA founder and CEO Huang were reported. He reportedly visited Japan in July, held a social gathering with Japanese suppliers, and then met privately with President Kawashima.
Ibiden extended its gains sharply, with reported comments by NVIDIA's CEO cited as a catalyst. The market has come to recognize the strength of the company's relationship with NVIDIA once again.
Reports said that NVIDIA founder Huang visited Japan in July and held a social gathering with the heads of Japanese suppliers, drawing attention to the relationship between NVIDIA and Ibiden.
According to the reports, CEO Huang told Ibiden, “We have no choice but to rely on Ibiden. So please make sure you do a good job. I'm counting on you.”
These exchanges are being viewed by the market as evidence of the strength of the relationship between NVIDIA and Ibiden.