HiSonic Expands Core Smartphone Components Business for Global Companies... "Expecting Annual Sales of 20 Billion Won"

HiSonic is undertaking a structural reorganization to improve performance in its core IT components business. On the 26th, HiSonic announced that it will expand its "IRCF (Infrared Cut Filter) for smartphone camera modules" business through an acquisition.

HiSonic plans to actively expand its IRCF business by acquiring 100% of the shares of its affiliate InnoWave's Suzhou subsidiary (InnoWave Optoelectronics Technology Suzhou Co., Ltd.). InnoWave supplies IRCF, and the Suzhou subsidiary is responsible for the front-end processes, including the core IR/AR blocking coating process of IRCF.

Since InnoWave has already been selected as a key component supplier for the next smartphone model of company "S," the performance outlook is positive. Through the core business restructuring, HiSonic expects an additional annual sales revenue of approximately 20 billion KRW, and plans to enhance the profitability contribution of the new business through restructuring during the acquisition process.

HiSonic has been operating the post-processing business necessary for IRCF manufacturing, such as sawing, visual inspection, and packaging/shipping, through its existing Vietnam subsidiary. This IRCF business acquisition means internalizing the entire production process. It is expected to improve not only the efficiency of the IRCF business but also the profit margin.

IRCF is an essential component for digital imaging devices to reproduce natural colors as seen by the human eye. It blocks noise regions such as near-infrared (700~1200nm) while allowing visible light (400~700nm) necessary for image rendering to pass through.

As smartphone specifications advance, equipping high-sensitivity filters that pre-block the infrared spectrum is essential. Accordingly, domestic global smartphone companies apply IRCF to more than 90% of their smartphones.

A HiSonic official stated, "This acquisition is not only for performance improvement but also part of the core business strengthening plan agreed upon with the Korea Exchange during the management normalization process," adding, "It is an extraordinary measure to secure a stable cash cow in the IT business division."

He continued, "We plan to complete the IRCF business acquisition and finalize the restructuring by the fourth quarter of this year, and we are expediting all procedures related to the acquisition of the IRCF business. We will focus on improving the profitability of the IT business division to stably lead the cash cow business sector while promoting the secondary battery-related business as a new business to secure the company's growth foundation," he emphasized.

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