Busan City and IA Sign Investment Agreement for Power Semiconductor Production Facility Construction

Power Semiconductor Investment Attraction Briefing Held at 3:30 PM on the 25th

Dongnamgwon Radiation Medical Science Complex to Invest 150 Billion Won by 2026

On the 25th at 3:30 PM, Busan City will hold an investment attraction briefing session for power semiconductor companies at the Nurimaru APEC House in Haeundae.

Busan City and IA Sign MOU.

The city anticipated early the growth potential of the power semiconductor demand market to foster new energy industries such as electric vehicles, wind power, and solar power. To secure an early lead in the next-generation global power semiconductor market, since 2017, it has been promoting the ‘Power Semiconductor Industry Cluster Development Project’ in the Dongnam Radiation Medical & Science Industrial Complex (Jangan-eup, Gijang).

This investment attraction briefing session was organized by Busan City together with Busan Technopark and the Korea Power Semiconductor Industry Association to explain the major achievements and future development plans of the ‘Power Semiconductor Industry Cluster Development Project,’ which Busan has been focusing on as a new energy industry, and to encourage continuous interest and investment from power semiconductor companies.

The briefing will target about 50 companies, including members of the Korea Power Semiconductor Industry Association, with approximately 110 attendees including Mayor Park Hyung-joon, representatives of power semiconductor companies, and professors and students participating in the shared university program for nurturing local power semiconductor talent.

As a pre-event, starting at 3 PM, a mini job fair will be held, arranging one-on-one meetings between participating companies and students seeking employment.

Busan Area Power Semiconductor Talent Development Center 11 Process Track Introduction Poster.

Notably, prior to the main event of the investment attraction briefing, Busan City will sign a memorandum of understanding (MOU) for a 150 billion KRW investment with ‘IA,’ a Seoul-based company, to establish a power semiconductor production facility.

The investment agreement ceremony will be signed directly by Mayor Park Hyung-joon and IA CEO Kim Dong-jin.

Through this investment agreement, ▲ IA will contribute to creating jobs in the region by establishing a new power semiconductor production facility within the ‘Dongnam Radiation Medical & Science Industrial Complex’ and will especially strive to prioritize hiring excellent talent from the Busan area. ▲ Busan City will actively support all necessary matters to ensure IA’s successful settlement and smooth progress of its investment project in Busan.

IA plans to build a factory by 2026 on approximately 15,000㎡ of land within the Dongnam Radiation Medical & Science Industrial Complex in Gijang-gun, Busan, for the production of power semiconductor chips by its affiliate ‘Trino Technology.’ The company will sequentially hire about 100 new employees needed for research, management, and production to lead the next-generation power semiconductor industry.

IA, established in 1993, is a semiconductor company specializing in automotive semiconductors (headquartered in Seoul). In 2015, it acquired Trino Technology, a power semiconductor design and production company, and has solidified its position as a leading domestic non-memory semiconductor company pioneering the localization of automotive non-memory semiconductors.

Trino Technology, an affiliate of IA, was established in 2008 as a power semiconductor design and production company and became part of IA in 2015. It is a global small and strong company in the power semiconductor field, providing unit process services and wafer services using its own design technology to large corporations such as Samsung SDI and LG Electronics.

Kim Dong-jin, CEO of IA, said, “I would like to express my gratitude to Mayor Park Hyung-joon and related parties for their active support in enabling us to establish a power semiconductor production base in Busan.” He added, “IA and Trino Technology will spare no investment to make Busan the mecca of power semiconductors and will do their best to create economic effects through youth employment in the region and collaboration with local companies.”

Mayor Park Hyung-joon said, “The successful completion of the first phase of the power semiconductor industry cluster development in Busan, which was once a semiconductor barren land, was possible not only because of Busan City’s efforts but also thanks to the interest and investment of many companies.” He added, “The city will continue to foster the power semiconductor industry through policy based on cooperation among companies, local universities, and research institutes, and we ask for even more cooperation.”

He continued, “IA’s investment plan is a rare piece of good news for the local economy amid worsening external economic conditions, and I express my gratitude and welcome. Through this MOU signing, I ask IA to play a significant role in making Busan a mecca of the future core industry, power semiconductors, and we will spare no administrative support to ensure IA and Busan grow together.”

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