[Special Stock] Green Resource Leads Next-Gen Semiconductors with World-Class Technology... Superconducting Wire Becomes New Growth Driver

Green Resource, newly listed on the KOSDAQ market, is showing strong performance.

As of 9:23 AM on the 24th, Green Resource was trading at 36,450 KRW, up 19,450 KRW (114.41%) compared to the previous trading day.

Founded in 2011, Green Resource is engaged in the ultra-high-density special coating business applied to semiconductors. Based on rare earth-related material manufacturing technology secured in the early stages of the business, the company succeeded in domestic production of coating materials, which had been monopolized by Japan, for the first time in 2013. Since 2016, it has entered the semiconductor and display etching equipment parts coating market. Currently, leveraging its world-class ultra-high-density special coating technology, it is securing leading customers in the semiconductor market and increasing its market share.

Green Resource has also succeeded in entering the superconducting wire-related equipment manufacturing market. Superconducting wire is a high-efficiency electrical energy material that exhibits zero electrical resistance below a certain temperature. It can generate strong magnetic fields and is gaining attention as a dream material for nuclear fusion power generation, with mass production demand expected to increase. Superconducting wire can be applied in various fields such as power equipment and medical devices, and its diamagnetic properties allow applications in high-speed transportation fields like magnetic levitation trains. Based on its self-developed PVD (Physical Vapor Deposition) coating technology, the company has the capability to develop IBAD deposition equipment for mass production of superconducting wire. At the end of 2021, it succeeded in receiving orders for superconducting wire equipment from global customers and plans to actively enter the superconducting wire market based on delivery references.

The US market research firm Global Information estimates that the global semiconductor etching equipment market will grow at an average annual rate of about 11% over eight years from 2022, reaching approximately 49 billion USD (about 66.5 trillion KRW) by 2030. As semiconductors become increasingly highly integrated and miniaturized, the importance of the etching process is also expected to grow.

Green Resource possesses world-class ultra-high-density coating technology and supplies it to the global market. Through ultra-high-density coating technology applied to core parts of etching equipment, it is leading the ultra-high-density coating market in the semiconductor process field.

Currently, global foundries are actively preparing manufacturing processes for next-generation semiconductors of 5 nm or less, including 'EUV (Extreme Ultraviolet)' and 'High-K' processes. Accordingly, demand for ultra-high-density coatings necessary to withstand harsh etching process environments is expected to increase, and Green Resource's sales in this field are also projected to grow.

Yoon Cheol-hwan, a researcher at Korea Investment & Securities, explained, "Due to the trend of semiconductor miniaturization and high integration, the environment of the etching process is becoming rapidly harsher. Yield improvement is a recent important topic, and protective coatings are essential." He added, "Green Resource is the only domestic company possessing ultra-high-density coating technology for dry etching equipment parts used in 3 nm and 5 nm semiconductor processes. As a new business, it is outsourcing the processing of superconducting wire IBAD equipment by applying rare earth materials and coating technology."

It is estimated to achieve sales of 43.3 billion KRW and operating profit of 12.3 billion KRW next year, which represents increases of 94.3% and 167.4%, respectively, compared to this year's estimates.