Hanmi Semiconductor Breaks Ground on New TC Bonder Factory at South Korea's Incheon; Shares Jump 4%

MT Newswires Live01-08 11:36

HANMI Semiconductor (KRX:042700) began the construction of its seventh factory to produce thermocompression (TC) bonding bonders, essential for high-bandwidth memory manufacturing, the company said Tuesday.

The two-story, 4,356 pyeong facility, near the company's existing six production sites in Seo-gu, Incheon, is slated for completion by the fourth quarter of 2025. The expanded capacity is expected to boost sales potential to around 2 trillion won, the release said.

Shares of Hanmi Semiconductor rose nearly 4% in recent trade on Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment