Yesty, Major Shareholders and Key Executives Purchase Company Shares

[Asia Economy Reporter Hyungsoo Park] Semiconductor equipment developer YesT announced on the 24th that its largest shareholder and key executives have purchased treasury shares.

The largest shareholder, CEO Jang Dongbok, along with related parties, acquired treasury shares worth 5.2 billion KRW since April. The total shares increased by 685,778, raising the stake from 27.93% to 31.43%.

Jang Dongbok, CEO of YesT, stated, "We purchased treasury shares to reinforce confidence in growth through new businesses based on the semiconductor and display sectors and to strengthen responsible management."

He added, "Expectations for high-pressure annealing equipment for semiconductors are high," and "it will contribute to expanding scale and improving profitability."

Since last year, YesT has been developing high-pressure annealing equipment as a new growth engine in the semiconductor business sector. Annealing equipment replaces defects on the semiconductor silicon oxide (Si) surface with high-pressure hydrogen and deuterium to enhance product reliability and improve semiconductor production yield.

The semiconductor industry is focusing on expanding ultra-fine processes below 10nm and increasing information processing speed. ‘Improvement of semiconductor performance and production yield’ through high-pressure annealing processes is emerging as a core competitiveness. This is why demand for high-pressure annealing equipment is sharply increasing.

A YesT official said, "We are conducting alpha equipment tests with domestic global semiconductor companies," and "beta tests for actual application in semiconductor manufacturing processes are also proceeding smoothly."

He emphasized, "Full-scale commercialization of high-pressure annealing equipment is expected to be possible within next year."

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