Jusung Engineering has set an ambitious goal to become the world’s leading semiconductor equipment company, aiming to achieve sales of 4 trillion won by 2029. At a press conference held on May 4 at its Yongin R&D Center, the company unveiled its strategy to enhance global competitiveness through technological innovation and corporate restructuring.
Central to Jusung Engineering’s vision is the development of the world’s first mass production process for next-generation semiconductors using micro-LEDs and glass substrates. This groundbreaking technology promises to significantly improve yield compared to traditional silicon-based semiconductors. Chairman Hwang Chul-joo highlighted the potential impact of this innovation, stating, “The newly developed semiconductor mass production process can replace the Extreme Ultraviolet (EUV) lithography equipment that has been monopolized by the Netherlands’ ASML.”
Jusung Engineering is in advanced discussions with major overseas semiconductor companies to leverage this cutting-edge technology. Earlier this year, the company initiated a corporate split to enhance its global competitiveness in the semiconductor, solar power, and display sectors. The newly formed Jusung Engineering (tentative name) will focus on semiconductor technology development and manufacturing, while the existing entity will strengthen its core businesses’ competitiveness and investment expertise.
Additionally, a new subsidiary, Jusung SD (tentative name), will specialize in solar and display technology development and manufacturing. This strategic move is expected to create new paradigms in these fields. Chairman Hwang expressed confidence in the restructuring, stating, “If the ongoing corporate division is completed smoothly, it will significantly enhance Jusung’s global corporate value, ensuring we remain competitive with the world’s leading semiconductor equipment companies.”
The company also emphasized efforts to improve its corporate governance structure. By creating specialized divisions, Jusung aims to streamline operations and enhance efficiency, positioning itself as a formidable player in the global semiconductor market.
Jusung Engineering’s innovative approach comes at a time of rapid advancements in the semiconductor industry, dominated by key players like ASML, Intel, and Apple. The introduction of technologies such as micro-LEDs and glass substrates is poised to revolutionize semiconductor manufacturing, offering significant improvements in efficiency and yield.
South Korea, home to leading semiconductor manufacturers, plays a crucial role in the global semiconductor industry. Jusung Engineering’s history of innovation and strategic planning has positioned it as a key player in this competitive landscape. The company’s goal of reaching 4 trillion won in sales by 2029 underscores its growth ambitions and strategic focus.
As Jusung Engineering continues to push the boundaries of semiconductor technology, its commitment to global competitiveness and innovation will be crucial in maintaining its edge in an industry characterized by rapid technological advancements and high competition. The company’s efforts to enhance its corporate structure and leverage cutting-edge technologies are set to propel it to new heights in the global market.
