CHANGWON, KOREA – Hanwha Precision Machinery Co. has changed its name to Hanwha Semitech, accelerating its transition into a comprehensive semiconductor company. The rebranding, announced on Feb. 10, reflects the company's commitment to leading the global market with advanced semiconductor manufacturing solutions, a vision encapsulated in its new name—a blend of "Semiconductor" and "Technology."

Since the 1980s, Hanwha Semitech has been at the forefront of technological innovation, showcasing advanced technologies through surface mount technology (SMT) equipment, semiconductor post-processing equipment, and machine tools. These core technologies have positioned the company as a key player in the electronics manufacturing industry. Last year, Hanwha Semitech expanded its capabilities by acquiring a semiconductor front-end process business, further solidifying its foothold in the semiconductor sector.

The company's current focus is on developing TC bonders, which are essential for manufacturing high-bandwidth memory (HBM), a critical component in AI applications. Additionally, Hanwha Semitech is working on hybrid bonders, a next-generation semiconductor packaging technology. These developments are part of the company's broader strategy to innovate and lead in the semiconductor manufacturing market.

Vice President Kim Dong-seon, the third son of Hanwha Group Chairman Kim Seung-youn, will join Hanwha Semitech as the head of future vision. Known for his role in discovering new business opportunities at Hanwha Vision and Hanwha Robotics, Kim plans to manage without compensation, focusing on investing in new technologies. His involvement is expected to drive the company's expansion into markets centered on cutting-edge equipment like the HBM TC bonder.

"We have embedded our future direction and determination in the new name," Kim stated. He further emphasized the company's commitment to innovation, saying, "We will change the landscape of the semiconductor manufacturing market based on innovative technologies achieved through relentless research and development (R&D) investment."

Hanwha Group, one of South Korea's largest conglomerates, has a diverse portfolio that includes chemicals, materials, finance, construction, and defense. The group's strategic business shifts, including Hanwha Semitech's rebranding, reflect its focus on the burgeoning semiconductor industry. This sector is a critical component of the global technology landscape, driven by the demand for advanced computing, AI, and telecommunications technologies.