Recently, Fab equipment manufacturer Semes disclosed that it note 2.88 trillion won in revenue. While the net income of 185.7 billion won, this figure is for the entire year of 2022 respectively. On the other hand, revenue and net income dropped by 7.6% and 29.7% from 2021.
Additionally, the downfall is significant as Semes, which is a subsidiary of Samsung owns 91.5% of shares. Also, it observe a high growth from 2019 to 2021, which records 3 trillion won in revenue for the latter year. Whereas, in the third quarter of the last year, Samsung had responsible for 76% of Semes revenue.
The fab equipment maker supplies equipment for etching, photomask, and cleaning used in wafer fabrication. Notably, Semes’ primary products are equipment for etching, the same accountable for 30% of its complete revenue. In addition to this, the company’s record revenue in 2021 stems from Samsung’s major spending. This is intended, in order to expand the chip production capacity.
In 2022, despite of downfall, Samsung doesn’t cut its spending
Also in 2019, Samsung spent 22.6 trillion won on its chip facilities, the same year this records a rise of 32.9 trillion won. While in the year 2021, it record a rise of 43.6 trillion won.
Talking about 2022, regardless of the economic downturn, the tech firm still spent 47.9 trillion won on its chip facilities. On the other hand, Seme’s profits were reduced in 2022. As their earnings from their sales to Samsung are emulated approx six months later than Samsung’s.
Meanwhile, the tech giant firm seems the delay in the construction of its new P3 fab located in South Korea. The same unit for which the Semes is the primary supplier of equipment. Whereas, the fab equipment maker is likely to perform well during the first half of 2023.
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