Suseong Webtoon Subsidiary "Expecting IPO Along with Performance Improvement"

Future Hightech, Samsung Electronics and SK Hynix Partners
Increased Supply of Burn-In Testers and HBM Testers

Semiconductor equipment company Future Hightech expects to achieve nearly 50 billion KRW in sales and double-digit operating profits driven by demand for HBM-related components. As growth continues, the possibility of an initial public offering (IPO) is also increasing.

Suseong Webtoon announced on the 7th that its subsidiary Future Hightech, in which it holds a 57.4% stake, expects to deliver 50 burn-in testers this year and 100 units next year.

Founded in 2001, Future Hightech is a partner of SK Hynix and Samsung Electronics. It supplies motherboards (HI-FIX) for burn-in testers used in semiconductors to SK Hynix. It also supplies PCBs and interposers for probe cards to Samsung Electronics probe card companies such as PMT, TSE, and Korea Instrument.

Future Hightech is developing motherboards for HBM burn-in testers for Hynix in collaboration with Digital Frontier, a subsidiary of DI. They expect to deliver these next year. By supplying burn-in tester motherboards for both DDR5 and HBM, Future Hightech anticipates improved performance next year.

Semiconductor testing involves EDS (Electronical Die Sorting), burn-in, and final testing. EDS inspects electrical functions without cutting after wafer processing is complete. Burn-in tests whether chips operate properly when exposed to high heat and temperature. Final testing is standardized and checks the operation of cut semiconductors.

Future Hightech expects to deliver 50 burn-in testers this year and 100 next year, with the capacity to supply 140 to 180 HBM testers next year.

Future Hightech also expects sales of 35 billion KRW and an operating profit margin exceeding 25%. According to company officials, the HBM burn-in tester was developed through prior consultations with global semiconductor companies from development to application, so unless there are special variables, the expected sales and performance fluctuations are unlikely to be significant.

Suseong Webtoon anticipates that global semiconductor companies will continue to place critical importance on HBM, leading to ongoing new and replacement demand for Future Hightech’s HBM testers. Future Hightech is also considering a direct listing on KOSDAQ.

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