[Market Focus] Genessam Rises on News of First Full-Package Order for EV Power Module Equipment

Genessam is showing strong performance. This appears to be influenced by news that the company is making a full-scale entry into the semiconductor equipment market for electric vehicles.

As of 1:38 p.m. on November 19, Genessam was trading at 8,820 won, up 4.38% from the previous day.

According to industry sources, Genessam recently won an order from Company A, a global OSAT (Outsourced Semiconductor Assembly and Test) company based in Gyeonggi Province, for process automation equipment to produce power modules for electric vehicle motor drives.

Genessam plans to build an inline automation system that connects a series of processes-from chip mounting to wire bonding, molding, and packaging-so that the entire process can be handled without human intervention. Although the order amount has not been disclosed, it is reported to be a significant scale for a single Genessam project. An official announcement of the supply contract is expected soon. Genessam plans to deliver the equipment to Company A's plant in the first half of 2026.

Company A is currently producing power modules on commission for Company H, the largest automotive electronics company in Korea. Company H purchases chips from a German automotive semiconductor company and then carries out module assembly either directly or through Company A, before supplying the completed modules to automakers.