Hanmi Semiconductor Vice Chairman Gwak Dong-shin "Raising Sales Target Due to Strong Micro Saw Sales"

[Asia Economy Reporter Hyungsoo Park] Hanmi Semiconductor, a semiconductor equipment developer, announced on the 27th that it will raise its sales target for this year from the original 308 billion KRW to 390 billion KRW.

Dongshin Kwak, Vice Chairman of Hanmi Semiconductor, explained, "With the advent of the 4th Industrial Revolution era including smart devices, wearable devices, 5G infrastructure, and the metaverse, semiconductor demand is rapidly increasing." He added, "In the first half of this year, investment plans by TSMC, the world's largest semiconductor foundry company, recent investment declarations by Samsung Electronics to secure leadership in the semiconductor business, and Intel's investment announcement for building a semiconductor factory in Arizona have followed one after another."

He also emphasized, "Large-scale investments by global semiconductor companies are increasing competitively, and as a result, investments by OSAT companies are also expected to rise."

He stated, "We succeeded in domestic production of saw equipment, which was previously imported from Japan's Disco Corporation, in June this year," and emphasized, "Through internalization of core technologies of Micro Saw and Vision Placement, Hanmi Semiconductor's own brands, we have secured an annual production capacity of up to 2,400 units."

Vice Chairman Kwak said, "We have implemented vertical integration from design, parts processing, software, assembly, to inspection with rapid delivery responsiveness, and have received large orders from major global customers," adding, "We have raised this year's performance forecast to 390 billion KRW, about a 51% increase from last year's 257.4 billion KRW."

According to a recent research analysis report released by the foreign securities firm Macquarie Securities, Hanmi Semiconductor's operating profit this year is expected to be 125.1 billion KRW, recording an operating profit margin of about 33%. It is forecasted to continue a steady improvement trend through 2024.

Vice Chairman Kwak mentioned, "As a shareholder holding a 12.5% stake in HPSP, a semiconductor front-end equipment company, Hanmi Semiconductor plans to generously share its brand recognition and know-how accumulated over more than 40 years to support the continuous growth of both companies along with HPSP's planned listing next year."

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