World's Top Stock With 908% Gain Makes Tiny Smartphone Parts
- Yageo makes capacitors, resistors used in circuit boards
- Taiwan company nearing $10 billion in market capitalization
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A Taiwanese maker of tiny components used in smartphone circuit boards and chips is making huge profits for its investors.
Yageo Corp. has jumped 908 percent on Taiwan’s exchange since the start of last year, the most among stocks on MSCI Inc.’s global gauge, to give it a market capitalization of almost $10 billion. The company, which manufactures capacitors and resistors essential for regulating electrical flows, boosted profit more than five-fold from a year earlier in the first quarter as demand increased and competitors cut output.