AT Semicon Sells Package Division for 72 Billion Won... "Improving Financial Structure, Actively Pursuing New Businesses"

[Asia Economy Reporter Jang Hyowon] AT Semicon announced on the 31st that it will transfer its PKG (package) business to A-Fact, a memory semiconductor backend specialist company, and embark on a new business.

AT Semicon disclosed that it will transfer all business related to the semiconductor package business to A-Fact, including ▲assets ▲contracts ▲claims ▲debts ▲licenses, for 72 billion KRW. This amount corresponds to 58% of last year's total assets of 191.6 billion KRW. The company has received 20% of the contract amount today, and the remaining balance will be paid in full in cash by October 31.

AT Semicon plans to use the secured funds to improve its financial structure and explore new business opportunities.

A company official said, "We expect the company's financial structure to improve significantly through this contract," and added, "We are currently reviewing new business directions in various ways."

He continued, "Once the new business direction is finalized, we will disclose it through a separate announcement," and added, "We plan to explain the specific business direction through an in-house investor relations (IR) session around October."

Meanwhile, A-Fact, established in 2007, is engaged in semiconductor manufacturing-related testing, semiconductor product processing, and assembly. Its main customer is SK Hynix, accounting for about 94% of total sales as of last year. In August last year, A-Fact actively expanded its non-memory semiconductor business by investing a total of 5 billion KRW in automotive electronic semiconductor testing equipment and other areas.

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