Pamtech has seen its shares hit the daily limit for the second consecutive trading day following news of its acquisition of TIS, a company specializing in industrial robots.
As of 10:40 a.m. on June 2, shares of Pamtech rose by 419 won (29.99%) to 1,816 won. The previous day, shares also closed up by 29.95%, marking two days of limit-up trading.
The acquisition of 100% of TIS is seen as a move to enhance Pamtech's semiconductor process automation equipment business, boosting investor sentiment.
Pamtech announced on June 1 that it had completed the acquisition of TIS. The company plans to leverage TIS's technology to secure industrial robot expertise and develop wafer transfer robot technology for semiconductor manufacturing and post-processing.
Pamtech aims to advance its semiconductor logistics automation equipment business, including wafer transfer modules (EFEM) and sorters, using TIS's technology. EFEMs are pre-processing equipment that automatically supply and retrieve wafers to and from processing equipment, while sorters inspect and classify wafers.
With the recent expansion of the artificial intelligence (AI) semiconductor and high-performance computing (HPC) markets, the importance of advanced packaging technology has grown, leading to increased expectations for the glass substrate equipment market. Glass substrates are known to have a higher risk of breakage compared to traditional silicon wafers, making precise transfer and alignment technology essential.
Pamtech plans to combine its existing automation equipment design and manufacturing capabilities with TIS's precision robot technology to capture the market for automation equipment for glass substrates.
Pamtech develops and manufactures automation equipment for camera modules, semiconductors, smart factories, and mobility sectors. Last year, the company reported consolidated revenues of 38.7 billion won and an operating loss of 4.1 billion won.
* This article has been translated by AI.
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