ASM International said it will be groundbreaking tomorrow on its innovation and manufacturing center in Hwaseong (Dongtan), South Korea — bringing its $100 million multi-year investment.
The development follows the signing of a MoU between ASM and the Ministry of Trade, Industry and Energy of the Republic of Korea (‘MOTIE’) earlier this year, around ASM’s intention to carry out this investment by 2025.
The groundbreaking ceremony marks a strategic expansion for ASM and an important step in meeting the growing demand for semiconductors. The investment will boost ASM’s research and product-development infrastructure, as well as adding more manufacturing capacity.
The groundbreaking event will be attended by ASM’s CEO, Benjamin Loh and Pauline Van der Meer Mohr, Chair of the Supervisory Board. Guests include political dignitaries such as Kim Dong-Yeon, Governor of Gyeonggi Province, Wan Ki Kim, Deputy Minister for Trade & Investment, Jeong Myeong-Guen, Mayor of Hwaesong city, and Joanne Doornewaard, Ambassador of the Netherlands, alongside customers and business partners, and other ASM colleagues.
ASM currently has more than 450 people working at its Hwaseong facility, and the number is expected to rise as the facility expands. The current building measures just over 20,000 m2, and the new extension will add another 31,000 m2, spread across eight floors. The expansion will more than double the Hwaseong facility’s R&D area while manufacturing area will almost triple.