Chip inspection equipment firm Intekplus said on Friday that it will spend 8 billion won to build a new factory at Daejeon.
This will double its production capacity and allow to meet the current high demand from the semiconductor industry, the company said.
Once the new factory goes live next year, Intekplus’ capacity will double from 60 billion won to over 120 billion won, a company spokesperson said.
If outsourced production capacity is included, the figure is higher at over 160 billion won, they said.
The factory will be adjacent to the company’s headquarters at Daejeon. Construction will start this month and completed by May next year.
Intekplus offers 2D and 3D machine vision inspection equipment. These are used in the chip, display and battery industries.
The company is expanding supply of flip chip inspection kit for mid-end semiconductors, it said.
Last year, Intekplus recorded 56.3 billion won in sales last year, a 38.8% increase from 2019. It record operating income of 7 billion won in 2020, an increase of 48.9% from 2019.
In the first quarter, the company recorded 17.3 billion won in sales and 2.5 billion won in operating income, an increase of 134% and 177%, respectively, from same time period a year ago.
The growth is thanks to the company clinching new customers in other countries besides the US. It is seeing increased supply to ASE, SPIL and PTI of Taiwan. It is also supplying its kits to China’s Huatian Technology. It is also seeing increased supply to outsourced assembly and test companies AT&S and TFAMD.
Last year, it also won orders from Kyocera and Ibiden of Japan. Intekplus setup a Japanese subsidiary earlier this year to strengthen sale activity in Japan. Last year, it began supplying its kit to SK Hynix, after previously supplying its kits to Samsung Display and Samsung Electronics.
South Korean analysts expect Intekplus to record 93.2 billion won in sales and 17.7 billion won in operating income this year, an increase of 65.5% and 152.8%, respectively, from 2020.