[Featured Stock] Samsung Electro-Mechanics, Camera Module Supply Contract Rises 2%
![[Featured Stock] Samsung Electro-Mechanics, Camera Module Supply Contract Rises 2%](http://www.asiae.co.kr/news/img_view.htm?img=2023032709413167249_1679877691.jpg)
Samsung Electro-Mechanics is showing strong performance following news that it will supply camera modules to a U.S. automobile company presumed to be Tesla.
As of 10:27 AM on the 5th, Samsung Electro-Mechanics is trading at 143,900 KRW, up 2.35% compared to the previous close.
Samsung Electro-Mechanics announced the day before that "a supply contract for camera modules has been signed with a U.S. automobile company, but the supply quantity and amount have not been determined."
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Since June last year, Samsung Electro-Mechanics has responded to inquiries regarding the news of supplying camera modules to Tesla by stating that nothing has been confirmed.
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