Jusung Engineering's stock surged by over 22% in early trading, driven by news of its shipment of atomic layer growth (ALG) semiconductor equipment, which has boosted investor sentiment.
According to the Korea Exchange, as of 9:52 a.m. on May 18, shares of Jusung Engineering were trading at 171,300 won, up 31,100 won (22.18%) from the previous trading day.
The company announced that it held a shipment ceremony for its ALG transistor full integration semiconductor manufacturing equipment on May 16, with the customer identified as a global semiconductor manufacturer.
ALG is a technology for growing thin films at the atomic level. Unlike traditional atomic layer deposition (ALD) techniques, which spray materials to form semiconductor circuits, ALG grows crystals, reducing costs associated with deposition and etching processes while enabling the creation of ultra-fine circuits without photolithography.
However, Jusung Engineering's financial performance has been lackluster. In the first quarter of this year, the company reported consolidated revenues of 54.9 billion won and an operating loss of 7 billion won. This represents a 54.6% decline in revenue compared to the same period last year, with a shift from a profit of 33.9 billion won in the first quarter of the previous year to a loss.
Jusung Engineering stated, "We plan to apply ALG technology not only in semiconductors but also in display and solar equipment, and we are currently collaborating with global companies in North America, Asia, Europe, and the Middle East."
* This article has been translated by AI.
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