Hidehito Takahashi 0.5 1 idea

Resonac CEO states they have ~95% market share in AI-related packaging substrates. They are raising prices by 30% on laminate materials and seeing semiconductor material sales increase 30% year-over-year. Resonac has pricing power in a monopoly-like niche of the AI supply chain. As AI demand (NVDA, Hyperscalers) continues, Resonac can pass on all costs and expand margins. They are a critical bottleneck. LONG Resonac as a "pick and shovel" AI play with pricing power. Potential future antitrust scrutiny or customers (TSM, Samsung) aggressively seeking second-source suppliers to break the 95% dependency.