Semiconductor company Melcon reached its upper trading limit early in the session. This surge is attributed to renewed investor interest in AI-related stocks following news of Antropic's initial public offering (IPO), which has heightened expectations for increased semiconductor demand.
According to the Korea Exchange, as of 10:16 a.m. on October 27, Melcon's shares were trading at 15,830 won, up 3,650 won (29.97%) from the previous trading day.
Founded in 2003, Melcon develops and supplies systems that control temperature and humidity in photolithography processes, which use light to form circuit patterns on semiconductor materials. Its main products include ultra-precision temperature and humidity control devices (THC) and ultra-pure air supply systems (XPS).
Given the recent expectations and Melcon's recent listing on October 15, the company's stock has shown significant volatility due to its small market capitalization of around 200 billion won. On its first trading day, Melcon's shares rose to 21,350 won, a 73.58% increase from the IPO price of 12,300 won, attracting considerable market attention.
Melcon reported revenues of 25.1 billion won in 2024 and 41.8 billion won in 2025, with 22.1 billion won recorded in the first half of this year. Operating profit is expected to grow from 400 million won in 2024 to 6.2 billion won in 2025, with 3.6 billion won reported in the first half of 2026. The operating profit margin for the first half of the year was around 16%. Melcon plans to supply products to TSMC in the future.
* This article has been translated by AI.
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