Yesty, a semiconductor equipment specialist company, is expected to see significant performance growth this year as the results of newly acquired semiconductor equipment such as 'High Bandwidth Memory (HBM)' equipment, ordered since last year, and 'Neocon,' which is in full-scale mass production, are being reflected.
Yesty announced on the 29th through a preliminary earnings report that its operating profit on a separate basis for the first quarter of this year reached 2.5 billion KRW, a 1090% increase compared to the same period last year (200 million KRW). The operating profit for the first quarter exceeded Yesty's total operating profit of 2 billion KRW for the entire last year. During the same period, sales increased by 58% to 17.5 billion KRW compared to 11.1 billion KRW in the same period last year, and net profit also rose by 697% to 1.2 billion KRW.
The growth in Yesty's performance is due to the HBM equipment ordered last year and Neocon, which began mass production last year, being fully reflected in sales from the first quarter. Since October last year, Yesty has secured orders worth 32.2 billion KRW for HBM equipment from global semiconductor companies. In February this year, Yesty succeeded in diversifying its client base by receiving initial orders for HBM equipment from a global semiconductor giant, a key partner of Nvidia.
According to the semiconductor industry, with the spread of artificial intelligence (AI) technology and the increase in HBM demand, global semiconductor companies are making aggressive investments to expand production capacity. The company explained that due to competitive investments by global companies, orders for HBM equipment are expected to continue for the next several years.
In fact, SK Hynix announced on the 24th that it will invest 20 trillion KRW to establish a new DRAM factory including HBM in Cheongju, Chungbuk. Samsung Electronics is also planning to invest 300 trillion KRW in Yongin, Gyeonggi-do to create the world's largest system semiconductor cluster, and invest about 180 trillion KRW in Pyeongtaek to build six lines, realizing a semiconductor super-gap.
A Yesty official said, "Many market experts expect the AI semiconductor shortage to continue for some time, and HBM demand is also expected to increase explosively," adding, "Along with this, domestic semiconductor companies are expanding investments for HBM production overseas, including in the United States."
He continued, "In line with the investment super cycle in the upstream industry, Yesty not only expanded its cleanroom last year but also secured sufficient materials and manpower," emphasizing, "Since we have already prepared to mass-produce and deliver the ordered HBM equipment and respond to additional orders, significant sales and profit growth is expected this year."
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