CloudAir Acquires SMI, a Semiconductor LDS Equipment Specialist
LED specialist company CloudAir is entering the semiconductor equipment manufacturing industry by acquiring SMI, a company specializing in LDS equipment for semiconductor deposition processes.
According to CloudAir on the 18th, SMI is a specialized company located in Cheongju, Chungbuk, that manufactures LDS (Liquid Chemical Delivery System) equipment for semiconductor deposition processes. CloudAir will acquire 100% of the management rights shares (18,230 shares) excluding treasury stock for 26.5 billion KRW.
SMI recorded sales of 25 billion KRW and an operating profit of 1.5 billion KRW in 2024. It is a mid-sized materials and parts company that supplies more than 70% of its total sales to SK Hynix.
The main products are LDS (Liquid Chemical Delivery System) and Heat Jacket (high-temperature pipe control device) used in semiconductor deposition processes, and the company provides total solutions including process setup, maintenance, and system improvements.
Last year, SMI localized the 'ozone water supply device' and obtained supply approval from SK Hynix. In the first quarter of 2025, the 'first ozone water supply device' will be delivered to SK Hynix through a semiconductor cleaning equipment specialist company.
The 'ozone water supply device' is emerging as an alternative equipment that reduces toxic chemicals used in semiconductor cleaning equipment, and market expansion is expected in the future, along with improvements in ESG aspects of semiconductor manufacturing processes.
A company official stated, "As HBM (High Bandwidth Memory) semiconductor production increases, the importance of deposition and cleaning process equipment has grown, and there are many places where SMI's unique technology and know-how are essential," adding, "Along with the expansion of LDS equipment sales, the market entry of the ozone water supply device will also accelerate."
Meanwhile, CloudAir is adding fine art exhibition content business to its business objectives as part of business diversification, and will change its company name to HM Nex following the CI change of the HMG Group.
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A company official said, "The recent 'Immortal Painter Van Gogh Exhibition' hosted by HMG attracted more than 400,000 visitors and ended successfully," adding, "Considering the trend of diverse cultural activities across generations from the MZ generation to office workers in their 40s and 50s and parents with children, we plan to continuously hold exhibitions of masterpieces by world-renowned artists such as Picasso, Monet, and Renoir."
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