- Chairman visits Doosan Tesna business sites for on-site inspection, discusses mid- to long-term management strategy
- With investment of KRW 1 trillion over 5 years, “We will grow into the best partner in the system semiconductor field”
The Doosan Group has announced it will invest KRW 1 trillion in the semiconductor business over the next five years. Doosan will use the investment to implement its plan to have Doosan Tesna rank among the world’s top 5 in semiconductor testing.
Doosan Group Chairman Park Jeong-won visited Doosan Tesna's business site in Seoan-seong, Gyeonggi Province, on June 14. He discussed the company’s current business status and mid- to long-term strategy with Doosan Tesna's CEO, Lee Jong-do, and key executives and revealed a blueprint for the company’s growth. Chairman Park then put on a dust-proof suit and examined the wafer test* line closely.
* Wafer test: A wafer test conducts electrical, temperature, and functional tests of the supplied raw circular wafers engraved with semiconductor chips to determine their quality.
“The semiconductor field is Doosan's new opportunity for success and will be another growth engine along with the company’s existing core businesses such as energy and machinery. We will not scrimp on investment to grow Doosan Tesna into the best partner in Korea’s system semiconductor industry and one of the world’s top 5 in semiconductor testing within 5 years,” Chairman Park said.
Doosan Tesna is a company specializing in testing after system semiconductor design and manufacturing. It has the largest market share in the wafer test field in Korea with sales and operating profits of KRW 207.6 billion and KRW 54 billion, respectively, last year. It tests application processors (AP), camera image sensors (CIS), and wireless communication chips (RF) that act as the brain, eyes, and ears of smart devices for customers including Samsung Electronics and SK Hynix. The Doosan Group acquired Doosan Tesna for KRW 460 billion in April.
Doosan Tesna continues to increase investment in keeping with the advancement of smartphone performance and expansion of the autonomous vehicle market. Having decided to invest KRW 124 billion in additional testing equipment last month, it plans to invest KRW 1 trillion in the next five years, including the construction of a new factory to be completed by the end of 2024. Its strategy is to continue expanding at a compound annual growth rate of about 20%.
“While the supply chain reorganization in the global semiconductor market and the competition for hegemony in system semiconductors have intensified, no Korean company specializing in the back-end process has ranked among the world’s top 10 yet. We are broadly considering entering these areas to contribute further to the semiconductor ecosystem such as test equipment and cutting-edge packaging to become a global back-end process company representing Korea,” a Doosan Group official said.
▲ Doosan Group Chairman Park Jeong-won (right) examines the semiconductor wafer test process at Doosan Tesna’s Seoan-seong factory.