HANMI Semiconductor intensifies sales

LONDON, UK: Hanmi Semiconductor has diversified its customer base in global semiconductor back-end processing companies. Its major customers, such as Taiwan’s ASE, Spill and Power Tech, are predicted to record remarkable revenues growth in 2011, entailing large increases in orders for Hanmi Semiconductor. Considering that the company’s order backlog remains at more than KRW 30 B, Hanmi Semiconductor is to continue its robust growth further in 2011 and 2012.

In FY2010, the company’s order backlog closed at KRW 92 B, where solar cell equipment accounted KRW 13 B, showing a successful market start. In addition, the order backlog of new semiconductor equipment Flip-chip Bonder and Laser Ablation came in at KRW 17 B, which reflects the company diversifying product portfolio.

FY 2010 results show a strong recovery from financial crisis and state Hanmi’s confident intention to expand in Asia. Revenues grew by 127 percent, reaching KRW 170.9 B. Net income increased by 395%, exceeding KRW 30 B point. Year 2010 was a great success for the enterprise, giving confidence in further prosperity.

Last quarters sales break are discrepant. Both revenues and net income fell to KRW 25.2 B and KRW 5.2 B in June 30 2011 respectively (a 54 percent and 78.5 percent drop comparing to the same period in 2010). But the order backlog is still big, and most incomes are expected to be generated in the second half of FY 2011.

Founded in 1980 and headquartered in Seo-gu, South Korea, HANMI Semiconductor operates in 6 segments: Vision (patented technologies), Laser, Semiconductor equipment, PCB equipment, LED equipment, and Photovoltaic applications. Hanmi sets its global footprint in many Asian countries, withal entering European market through representatives in United Kingdom, Germany and Russia.