[Alpha Biz= Reporter Kim Minyoung] On the 23rd, Ebest Investment & Securities evaluated that semiconductor test equipment manufacturer DI Corp is expected to benefit from the localization of high-bandwidth memory (HBM) test equipment.
DI Corp's main product is wafer test equipment. On a standalone basis, it supplies to Samsung Electronics, and through its subsidiary Digital Frontier (DF), in which it holds a 73% stake, it supplies to SK Hynix.
Ebest Investment & Securities noted, "Domestic HBM suppliers are working on localization to address the shortage of test equipment supply." They added, "HBM wafer test equipment requires higher current compared to DRAM equipment. However, since DF has already supplied DDR5 burn-in equipment to SK Hynix, its technical capabilities are considered proven."
Ebest Investment & Securities projected DI Corp's sales for this year to be 256.1 billion KRW and its operating profit to be 15.2 billion KRW based on consensus estimates. They also mentioned that due to the HBM-focused investments of their clients, performance may be somewhat subdued.
AlphaBIZ Kim Minyoung(kimmy@alphabiz.co.kr)
