Doosan Chairman Park Jung-won: "1 Trillion Won Investment in Semiconductor Business Over 5 Years"

Visit to Doosan Testna... "Fostering Semiconductors as a New Growth Axis"
Plan to Grow as the Top Partner Company in the System Semiconductor Sector

Park Jung-won, Chairman of Doosan Group (right), is observing the semiconductor wafer testing process at Doosan Tesna's Seoanseong plant on the 14th.

[Asia Economy Reporter Oh Hyung-gil] Park Jung-won, chairman of Doosan Group, expressed his determination to nurture the semiconductor business as a new growth pillar for the group.

On the 14th, Park visited the semiconductor testing company Doosan Testna’s site located in Anseong, Gyeonggi Province, where he discussed a mid- to long-term strategy to invest 1 trillion KRW in the semiconductor business over the next five years.

Chairman Park said, "Semiconductors will be Doosan’s new battleground and, along with our existing core businesses in energy and machinery, will become another growth pillar. We will spare no investment to establish Doosan Testna as the top partner company in the domestic system semiconductor sector and further grow it into a global top 5 player in the semiconductor testing field within five years."

On the day, Park discussed the business status and mid- to long-term strategies with key executives including Lee Jong-do, president of Doosan Testna, and inspected Doosan Testna’s main business, the wafer testing line.

Doosan Testna, acquired by Doosan Group in April for 460 billion KRW, specializes in testing conducted after system semiconductor design and manufacturing, holding the number one market share in the domestic wafer testing sector.

Its clients include Samsung Electronics and SK Hynix, and its main test products are application processors (AP), camera image sensors (CIS), and radio frequency (RF) communication chips.

Doosan Testna is continuously increasing investments in line with the advancing smartphone performance and the expanding autonomous vehicle market. Last month, it decided to invest 124 billion KRW to add testing equipment and is promoting the construction of a new factory with a target completion by the end of 2024, planning investments totaling 1 trillion KRW over the next five years. Through this, the company aims to maintain a high annual growth rate of around 20%.

A Doosan Group official stated, "Amid the global semiconductor supply chain restructuring and intensifying competition for system semiconductor supremacy, no domestic post-processing company has yet entered the global top 10. We are broadly considering additional expansion into areas within the semiconductor ecosystem where we can contribute, such as testing equipment and advanced packaging, to leap forward as a global post-processing company representing Korea."