I-TECH Expands Facility Investment... "Proactive Response to Semiconductor Supercycle"
[Asia Economy Reporter Yoo Hyun-seok] I-TECH announced on the 11th that it has decided to make a large-scale investment in testing equipment this year as a proactive response to the rapid increase in semiconductor demand due to changes in living environments caused by the novel coronavirus infection (COVID-19).
The investment scale is approximately 16 billion KRW, an increase of about 158.35% compared to the previous year, and the company plans to acquire new equipment and related facilities to expand sales.
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The investment period is from this month until December, and the investment will be carried out monthly according to the sales and production schedule, the company explained. A company official from I-TECH stated, “Based on a sound financial structure, we will continuously expand new investments to strengthen the business foundation and secure growth momentum,” adding, “We will strive to enhance corporate value and shareholder value accordingly.”
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