Gyeonggi Governor Kim Dong-yeon Seeks Investment from Dutch Semiconductor Equipment Company ASMI

CFO Interview... "Gyeonggi-do is an International Hub for the Semiconductor Industry"

Kim Dong-yeon, Governor of Gyeonggi Province. (Photo by Gyeonggi Province)

[Asia Economy Reporter Moon Chaeseok] Gyeonggi Province Governor Kim Dong-yeon met with Paul Verhagen, Chief Financial Officer (CFO) of ASMI International, on the 11th and requested an expansion of investment in the province, the provincial government announced. ASMI is a Dutch company ranked among the top 10 worldwide in semiconductor deposition equipment manufacturing.

During the meeting, Governor Kim stated, "Gyeonggi Province is a hub for the semiconductor industry not only in Korea but also internationally," adding, "We are focusing on creating an ecosystem for the semiconductor industry and have already attracted research centers of the world's top 1 to 4 semiconductor companies."

He emphasized, "We have ambitious plans for easing various regulations, infrastructure, and securing manpower. It would be beneficial for ASMI to consider these when making investment decisions," and added, "I am confident that today marks the beginning of a strong investment partnership, and we will spare no effort to cooperate to the fullest."

Paul Verhagen, CFO of ASMI, responded, "Developing next-generation semiconductor deposition equipment requires an investment of over 1 trillion KRW by 2030," and said, "Gyeonggi Province is an attractive investment destination to supply stable and sustainable equipment to major customers."

Since signing an investment agreement with Gyeonggi Province in 2015, ASMI invested 87 billion KRW in January 2019 in research and manufacturing facilities at the Dongtan Advanced Industrial Complex in Hwaseong City, employing 440 people. Last year, the company recorded sales of 300 billion KRW.

ASMI also made additional investments in the 'Plasma-Enhanced Atomic Layer Deposition (PEALD)' technology developed in Korea, successfully achieving mass production.

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