SK Hynix Selected as Technology Innovation Company in 4 SoBuJang Firms... Support Provided for Technology Development and Benefits
4 Companies Including YC Chem, Soulbrain SLD, ISTE, and Covis Technology
SK Hynix announced on the 24th that it has selected four domestic materials, parts, and equipment (SoBuJang) companies?YC Chem, Soulbrain SLD, ISTE, and Covis Technology?as ‘Technology Innovation Companies’ this year and held a signing ceremony. YC Chem is a semiconductor materials (raw materials) company, Soulbrain SLD is a parts company, and ISTE and Covis Technology are equipment companies.
SK Hynix held the 7th Technology Innovation Company Agreement Ceremony at the Icheon Campus on the 24th. (From left) Lee Seung-hoon, CEO of YC Chem; Cho Chang-hyun, CEO of ISTE; Kwak No-jung, President and CEO of SK Hynix; Lim Eun-jae, CEO of Covis Technology; Noh Hwan-chul, CEO of Soulbrain SLD.
View original image‘Technology Innovation Companies’ is SK Hynix’s flagship win-win growth program that selects and intensively nurtures partners with high potential to localize semiconductor materials, parts, and equipment. Since 2017, the program has selected Technology Innovation Companies annually, making this the 7th year (7th term). Selected companies receive benefits such as joint technology development with SK Hynix for up to three years, interest-free loans for technology development funds, and management consulting.
The collaboration projects between this year’s selected companies and SK Hynix include ▲next-generation slurry development with YC Chem ▲localization and advancement of probe cards with Soulbrain SLD ▲localization of chemical vapor deposition (CVD) equipment with ISTE ▲development of hybrid wafer measurement equipment with Covis Technology. Through these efforts, SK Hynix and its partners expect to raise the level of localization for equipment, consumables, and parts that currently have high overseas dependency.
At the signing ceremony held at the Icheon campus, SK Hynix President Kwak No-jeong said, “Although uncertainties in the management environment surrounding the semiconductor industry remain, we will not spare support for the growth and development of domestic partners,” adding, “If we cooperate, we expect to create a virtuous cycle structure capable of continuous performance creation.”
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Meanwhile, SK Hynix announced that it created 85 billion KRW in social value last year through the Technology Innovation Company program. Among the 14 companies that participated in terms 1 through 6, three have grown into publicly listed companies. The sales of companies from terms 1 to 4 increased by 358%, from 266.1 billion KRW in 2018 to 953.2 billion KRW in 2022.
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