[Featured Stock] US Announces 720 Trillion Won Investment in AI Infrastructure... Iljin Electric Surges

U.S. President Donald Trump announced the 'Star Gate' initiative, which involves investing a total of $500 billion (approximately 720 trillion KRW) in artificial intelligence (AI) infrastructure within the United States. As a result, there is a growing expectation that demand for Korean electric wires and power equipment will continue to increase, boosting Iljin Electric's stock.

Iljin Electric's shares were traded at 33,250 KRW on the Korea Exchange at 9:20 a.m. on the 22nd, up 9.74% (2,950 KRW) from the previous day. Early in the trading session, the stock price rose to 34,500 KRW, marking an all-time high.

This appears to be influenced by President Trump's announcement of the 'Star Gate' plan, stating, "We will build physical and virtual infrastructure to power next-generation AI. This is the largest AI infrastructure project in history." The U.S. plans to invest a total of $500 billion (approximately 720 trillion KRW) in AI infrastructure.

Additionally, with the U.S. authorities placing urgent orders for power grids to aid recovery from wildfires in the Los Angeles (LA) area, investor sentiment toward domestic companies seems to have strengthened.

Naminsik Na, a researcher at SK Securities, explained, "Among power equipment centers, we judge Iljin Electric to be the most attractive both in terms of corporate value and stock price. The company produces high value-added high-voltage wires and exports them overseas. As the export ratio in the wire sector increases, profitability improvement is expected."

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