Domestic Largest Semiconductor Equipment Company 'Semes' Invests 600 Billion Won to Establish R&D Center in Yongin

[Asia Economy (Yongin) = Reporter Lee Young-gyu] Semes Co., the largest domestic equipment company, is investing 600 billion KRW to build an R&D center in Gomae-dong, Giheung-gu, Yongin, Gyeonggi Province.

On the 24th, Yongin City announced that it signed a "Memorandum of Understanding for Investment Attraction for Semes Yongin R&D Construction" with Gyeonggi Province and Semes containing these details.

According to the agreement, Semes will invest 600 billion KRW by 2024 to establish an R&D center for semiconductor core equipment research and development and technology cultivation on 100,000㎡ at 764 Gomae-dong, Giheung-gu, Yongin.

The city and Gyeonggi Province will promptly support permits and approvals such as industrial complex development plans to enable groundbreaking in the first half of next year and will work with the company to revitalize the local economy through job creation.

The R&D center is expected to be the largest semiconductor equipment research and development facility in Korea, with a total building floor area of 165,000㎡.

Semes will establish a fab for research and development purposes where next-generation semiconductor mass production equipment evaluation and semiconductor component-related technology development can be conducted.

The city expects that the construction of the R&D center will create 5,000 jobs and generate an economic effect worth 2 trillion KRW.

In particular, it is seen to create great synergy by linking with the "Yongin Semiconductor Cluster" being developed in Wonsam-myeon, Cheoin-gu, and Samsung Electronics' Giheung campus to promote localization of semiconductor equipment and enhance technological competitiveness through next-generation equipment development.

Kang Chang-jin, CEO of Semes, emphasized, "By building the Gomae-dong R&D center, we will leverage the geographical advantage of having two world-class semiconductor companies located here and actively strengthen our capabilities to leap into the global TOP 5 companies."

Lee Han-gyu, Deputy Governor for Administration of Gyeonggi Province, said, "The establishment of Semes' Yongin R&D center will be a great force in maintaining and strengthening the semiconductor industry ecosystem," and promised, "We will carefully monitor to ensure that companies are not hindered by unnecessary regulations and actively support sustainable growth of companies and the economy."

Baek Gun-gi, Mayor of Yongin, said, "With Semes, the largest semiconductor equipment company in Korea, settling here, Yongin has firmly established itself as a core city in the K-semiconductor belt," and added, "We will provide generous support to ensure the R&D center is built without any setbacks."

Semes was established in January 1993 and is the largest domestic semiconductor equipment company producing front-end semiconductor process equipment such as Clean, Etch, Spinner, as well as test packaging, logistics automation, and display equipment.

In 2015, it became the first equipment company to achieve annual sales of 1 trillion KRW and recorded its highest sales of 2.2 trillion KRW last year.

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