Hanamicron Subsidiary Signs $200 Million Facility Loan Agreement

[Asia Economy Reporter Jang Hyowon] Hanamicron (CEO Lee Dongcheol), a semiconductor back-end packaging and testing specialist company, officially announced on the 6th that its Vietnam-based subsidiary Hanamicron Vina signed a facility loan agreement worth approximately $200 million with KDB Industrial Bank and Korea Eximbank.

The disclosed loan purpose is related to the mid- to long-term semiconductor back-end business cooperation and subcontracting contract between the subsidiary Hanamicron Vina and SK Hynix, which was publicly announced in November last year. Hanamicron Vina is currently proceeding with construction and line setup procedures for expanding production facilities for subcontracting work, and secured part of the investment funds related to this through the loan. Full-scale mass production is planned to begin in the second half of this year.

Hanamicron received high evaluations for this business and successfully secured long-term low-interest funding. The loan period for this case is a total of six years. Through this funding, Hanamicron Vina is expected to gain momentum in the business it is conducting with SK Hynix.

Recently, the semiconductor industry has faced limitations in the miniaturization process of front-end processes, increasing interest in the need to strengthen back-end process technology, the necessary investments, and the co-growth of back-end process companies.

In this context, Hanamicron Vina plans to carry out large-scale back-end turnkey operations including packaging, packaging testing, module assembly, and module testing for SK Hynix memory products through a strategic partnership with SK Hynix. This business is expected to start operation of Building 1 in the second half of this year, begin operation of Building 2 in the second half of 2023, and enter full operation from 2024.

According to a company official, “Hanamicron Vina is expected to produce a larger volume than Hanamicron headquarters through this business,” and “with facility investment through this funding, Hanamicron has secured both mid- to long-term growth potential and stable profitability.”

Meanwhile, Hanamicron expects higher growth by expanding its high value-added memory packaging product lineup and increasing sales in non-memory packaging and testing businesses.

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