Selected as an ATC+ R&D Company in the 2022 Excellent Enterprise Research Institute Promotion Project
[Asia Economy Reporter Hyungsoo Park] NineTech, a manufacturer of secondary battery and display manufacturing equipment, is expanding its semiconductor business. The company is developing devices following related equipment.
NineTech announced on the 7th that it has been selected as a research and development company for the ‘2022 Excellent Company Research Institute Fostering Project ATC+’ led by the Ministry of Trade, Industry and Energy.
ATC+ is a project aimed at fostering small and medium-sized enterprise-affiliated research institutes as key players in corporate growth and industrial innovation by supporting the enhancement of research and development (R&D) capabilities. The project NineTech is participating in is titled ‘Development of Thermoelectric Devices and Application Technologies Applicable to Premium Home Appliances.’ The company will receive 1.89 billion KRW in funding over a total development period of 45 months.
Thermoelectric devices are semiconductor devices that generate a temperature difference of cold and hot through electricity. Due to their small size and lack of noise and vibration, they are increasingly used as substitutes for compressors in small premium home appliances. A compressor is a machine that compresses gases such as air.
NineTech is developing thermoelectric devices in collaboration with Company A. They plan to establish research facilities and a prototype production line related to thermoelectric devices at their newly completed Suwon Plant 3.
A NineTech representative stated, "We are proactively identifying market technology demands and preparing for commercialization," adding, "Through this project, we will conduct R&D to reduce dependence on imported thermoelectric devices and cultivate specialized personnel." They further added, "We expect to enhance the competitiveness of the domestic thermoelectric device parts market."
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