[Click eStock] "TIEMC Secures Momentum as New Administration's 'Carbon Neutrality' Policy Drives Selection for Government Project"

On July 9, independent research firm ValueFinder analyzed that TIEMC has secured momentum by being selected as a participant in a government-funded project, at a time when carbon neutrality is essential for the implementation of the new administration's energy policy.

TIEMC, which was listed on the KOSDAQ market in 2023, is a manufacturer of specialty gases for semiconductors and advanced IT materials. In the first quarter of this year, most semiconductor companies recorded losses due to deteriorating market conditions; however, the company maintained profitability and posted solid results. Since its establishment, TIEMC has been recognized for its technological capabilities by carrying out government-funded projects from the Ministry of Trade, Industry and Energy, and counts Samsung Electronics and SK Hynix as its major clients. Recently, it was selected as a participant in a government project related to carbon neutrality, making it a company expected to demonstrate not only stability but also growth potential.

Lee Chungheon, a researcher at ValueFinder, stated, "Recently, TIEMC has been conducting a government-funded project to localize HFO (hydrofluoroolefin), a semiconductor etching process material with reduced GWP (global warming potential), with support from the Ministry of Trade, Industry and Energy and the Korea Institute for Advancement of Technology."

HFCs (hydrofluorocarbons), which have been used as conventional semiconductor etching gases, are substances that replaced CFCs (chlorofluorocarbons), which have a negative impact on ozone depletion. However, because of their high GWP, HFCs have been designated for reduction by the Ministry of Environment. In addition, HFO is a material that is currently entirely dependent on imports, making localization urgently necessary. Authorities plan to invest more than KRW 30 billion in development funding for this government project by 2030, collaborating with Sungkyunkwan University and the Korea Research Institute of Standards and Science to localize HFO.

Researcher Lee analyzed, "The new administration has recently shown high interest in energy policy, so this government project is expected to provide TIEMC with sufficient technological competitiveness and momentum for its stock price."

He added, "TIEMC is a semiconductor company that has consistently recorded profits every year, and it is a company that could attract attention in terms of performance when the semiconductor market recovers this year." He also noted, "The company announced a KRW 4 billion treasury stock buyback, and as of the end of the first quarter this year, it held KRW 83.8 billion in cash-equivalent assets, demonstrating its stability."