AT Semicon, Increased Orders for High-Value Products + New Plant Expansion Effect... Expected Performance Growth

[Asia Economy Reporter Jang Hyowon] AT Semicon, a total solution company for semiconductor back-end processes, announced on the 21st that significant performance growth is expected from next year due to increased orders for high value-added semiconductor products and the expansion effect of its third factory.

A company official stated, "With the prolonged COVID-19 pandemic, untact activities such as remote work, online classes, and online shopping have increased, leading to a significant rise in demand for semiconductors used in PCs and tablets," adding, "As a result of increased semiconductor demand, orders for high value-added products such as high-layer MCP (Multi Chip Package) from major clients are increasing."

He continued, "The expansion effect of the third factory in Jincheon, Chungbuk, which was completed last August to actively respond to the increase in semiconductor packaging (PKG) production capacity and new product orders, is also expected to appear in earnest from next year."

AT Semicon is investing 10.2 billion KRW to further expand the production capacity of its third factory in Jincheon, Chungbuk, by establishing new semiconductor packaging and testing equipment. The strategy is to respond to the increase in demand and high value-added products through expanded production capacity.

According to a report published on the 1st by the World Semiconductor Trade Statistics (WSTS), a global semiconductor supply and demand analysis organization, the semiconductor market size next year is expected to reach 469.43 billion USD (approximately 516 trillion KRW), an 8.4% increase compared to this year. This is an upward revision from the 6.2% growth forecast presented in the regular report in June.

A company official said, "With the semiconductor market growth expected next year, an increase in orders for high value-added products and the operation of the new factory are anticipated to bring about a full-scale performance turnaround," adding, "Once the new factory is fully operational, production capacity will significantly increase, enabling the production of high value-added products, which is expected to greatly improve both scale and profitability."

He emphasized, "At the extraordinary general meeting of shareholders scheduled for the 30th, we will accelerate new business by amending the articles of incorporation and appointing Jeon Byung-moo, an inside director from the Hyosung Group, and Baek Jong-seon, an outside director who worked at Seongnam City Hall."

This content was produced with the assistance of AI translation services.