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Hanmi Semiconductor Reports Record Q3 Operating Profit of 99.3 Billion Won, Up 3,320.9% Year-on-Year

Business / Kim Jisun / 10/18/2024 04:17 AM

Hanmi semiconductor. (photo = Hanmi semiconductor)

 

[Alpha Biz= Reporter Kim Jisun] Hanmi Semiconductor announced on the 17th that its operating profit for the third quarter of this year reached 99.3 billion won, marking a staggering year-on-year increase of 3,320.9%. The company’s revenue also saw a significant rise of 568.4%, totaling 208.5 billion won, setting records for both operating profit and revenue in a single quarter.


The strong performance in Q3 was driven by the launch of its TC bonder manufacturing equipment for high-bandwidth memory (HBM), which is essential for artificial intelligence (AI) accelerators. The company stated that with the expansion of a new factory dedicated to HBM TC bonders, expected to be completed by the end of 2025, the contribution of TC bonders to revenue will further increase.

In addition, Hanmi Semiconductor signed a trust agreement to buy back shares worth 40 billion won last month, aimed at enhancing shareholder value and demonstrating confidence in the future potential of the AI semiconductor market. Over the past three years, the company has entered into share buyback trust agreements totaling 240 billion won. Vice Chairman Kwak Dong-sin has personally purchased shares worth 35.3 billion won since last year.

 

 

 

AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)

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