Vice President Kim Dong-seon to Lead Future Vision Division
Plans Merger with Hanwha Vision Next Year
Hanwha Industrial Solutions, an industrial solutions holding company spun off from Hanwha Aerospace, announced on the 27th that it aims to lead the global market in security, chip mounters, and semiconductor equipment sectors with its re-listing on the KOSPI market.
Hanwha Industrial Solutions officially launched after appointing An Sunhong, CEO of Hanwha Vision, as its inaugural CEO and chairman of the board at the board meeting held on the 2nd, and was re-listed on the KOSPI market on the same day.
Hanwha Industrial Solutions was established by separating the industrial equipment and technology divisions from Hanwha Aerospace. It wholly owns Hanwha Precision Machinery, which manufactures TC bonders (equipment that bonds chips) for high bandwidth memory (HBM), and Hanwha Vision, an AI and security technology company.
In particular, Hanwha Precision Machinery is reportedly pursuing the supply of HBM TC bonders to SK Hynix.
Hanwha Industrial Solutions announced that Kim Dongseon, the third son of Hanwha Group Chairman Kim Seungyeon, will take charge of the Future Vision Division starting next month to lead the establishment of global strategies.
Vice President Kim also plans to promote the merger of Hanwha Industrial Solutions and Hanwha Vision in January next year. A representative of Hanwha Industrial Solutions stated, "We will significantly expand R&D investment in advanced technologies including AI to lead future industries," adding, "We will strive to enhance not only the company's future value but also shareholder value."
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