[Click eStock] "Zeus to Secure Large Orders Over Next 2 Years Through Semiconductor Expansion"

[Asia Economy Reporter Ji Yeon-jin] Shinhan Financial Investment forecasted on the 25th that Zeus, a semiconductor cleaning equipment company, will continue to receive large-scale orders over the next two years due to the expansion of semiconductor manufacturers.

Hwang Seong-hwan, a researcher at Shinhan Financial Investment, stated, "Cleaning equipment is greatly benefiting from the expansion of major semiconductor foundry fabs in China, and from the second half of the year, large-scale expansions by major domestic customers are scheduled. The three factors of 'front-end customer expansion + market share increase + new equipment launch' are all well aligned," adding, "Large-scale orders in the semiconductor sector will continue not only this year but also for the next two years."

According to Shinhan Financial Investment, the global semiconductor cleaning equipment market size last year was approximately $3.918 billion, accounting for about 6% of the total semiconductor equipment market. Since even small impurities in the manufacturing process affect yield, cleaning processes are essential before and after all processes.

Zeus, established in 1970, is a specialized manufacturer of semiconductor and display equipment, mainly producing semiconductor cleaning process equipment and display 'TFT-LCD in-line' equipment. The company also operates in industrial robots, display logistics equipment distribution, and plug valve businesses.

Over the past decade, Zeus has prepared to produce its own industrial robots and launched its own small industrial robot brand 'ZERO' in 2019. Researcher Hwang said, "Although marketing activities were delayed compared to plans due to COVID-19, a nationwide sales network has already been established, and it has achieved initial success by entering the unmanned cafe market," adding, "As it has been preparing for a long time, it is focusing on targeting manufacturing sites and is expected to become a core growth division along with the expansion of the front-end market in the future."

This year, sales are estimated to increase by 35.15% from the previous year to 41.5 billion KRW, and operating profit is expected to increase by 72.3% to 42.9 billion KRW.

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