ASM, a leading multinational corporation, is reportedly hiring about 200 additional employees in Korea in the following three to five years.
According to Dutch semiconductor equipment supplier, this follows its announcement earlier this year regarding investing $100 million for building a second manufacturing as well as R&D facility next to its existing one in Hwaseong, Gyeonggi Province.
Apparently, the company, which employs about 460 people in Korea, revealed its hiring strategy at its first news conference in the country a day prior to the groundbreaking ceremony for the new unit.
Additionally, this comes three months after ASM, and the Korean government signed an MOU to increase their cooperation in the area.
It has also been revealed that to double the capacity for R&D and treble the area for manufacturing, the second plant will be constructed by 2025 and will be 50% larger in size than the first one.
ASM CEO, Benjamin Loh emphasized that Korea, along with the U.S. and Singapore, is one of the three most significant markets for the Dutch company while pledging to continue the company’s growth in the region.
For the unversed, Korea is the only country that is home to the company’s plasma enhanced atomic layer deposition (PEALD) manufacturing plant.
Loh further noted that ASM has offered Korean engineers with decent jobs considering its rising focus on both R&D and manufacturing in Korea as opposed to several other semiconductor equipment makers.
The ASM CEO was cautious about hinting at the additional investment plans in Korea, stating that it would depend on how much the business and activities of the company would grow.
However, Loh was also confident that ASM would continue to outdo its Korean competitors for a long duration despite the growing Korean government’s efforts for nurturing the nation’s materials, components as well as equipment industries.
Source Credits: https://www.koreatimes.co.kr/www/tech/2023/05/133_351529.html