[Featured Stock] TiRobotics Establishes World's First 11th Generation Large-Scale Robot Technology... Strategic Partnership with AMAT

[Asia Economy Reporter Hyungsoo Park] Tirobotics is showing strong performance. The news that Applied Materials (AMAT), the world's largest semiconductor equipment company based in the U.S., has confirmed the establishment of a research and development (R&D) center in Korea appears to be influencing the stock price.

At 10:43 a.m. on the 7th, Tirobotics was trading at 9,610 KRW, up 20.43% compared to the previous trading day.

Following U.S. President Joe Biden's visit to Korea last month, Korea-U.S. semiconductor supply chain cooperation is accelerating rapidly. With AMAT's investment, the top four global semiconductor equipment companies will all establish research and production facilities in Korea.

The domestic robotics industry is still in a pre-blooming stage. The domestic industrial robot industry has grown based on markets such as automobiles and electrical electronics, which operate under a small variety, large volume production system, resulting in sales channels concentrated in specific industries.

According to its quarterly report, Tirobotics explained that it is building the world's first 11th generation large robot technology using vacuum environment particle minimization, high-temperature maintenance technology, robot structural analysis and design technology that minimizes sagging and lateral shaking of mechanisms, and ultra-precision control technology. On the business side, it maintains strategic trading relationships with global clients such as Applied Materials and is strengthening close relationships with domestic and international display companies.

Tirobotics' vacuum robots for OLED panel manufacturing are closely related to the conditions of the display panel market. It is expected that domestic company S, which accounts for more than 80% of production volume and market share in the global display market, will accelerate its shift to OLED. The transition to new technologies is expected to accelerate, including not only flexible OLED, which currently holds a high technical position in the market, but also large QD-OLED and QNED, which could become game changers in the large display market.