I-TECH Expands Facility Investment... "Proactive Response to Semiconductor Supercycle"

[Asia Economy Reporter Yoo Hyun-seok] I-TECH announced on the 11th that it has decided to make a large-scale investment in testing equipment this year as a proactive response to the rapid increase in semiconductor demand due to changes in living environments caused by the novel coronavirus infection (COVID-19).

The investment scale is approximately 16 billion KRW, an increase of about 158.35% compared to the previous year, and the company plans to acquire new equipment and related facilities to expand sales.

The investment period is from this month until December, and the investment will be carried out monthly according to the sales and production schedule, the company explained. A company official from I-TECH stated, “Based on a sound financial structure, we will continuously expand new investments to strengthen the business foundation and secure growth momentum,” adding, “We will strive to enhance corporate value and shareholder value accordingly.”