[Semicon Korea 2019 Exhibitor]
SurplusGLOBAL, a used semiconductor equipment company, plans to construct a used equipment cluster by 2020. It is building a distribution platform that solves the issue of external equipment, parts, consumables, and services all at once. The cluster will be located in Choe-in-gu, Namsa-myeon, Yongin-si, Gyeonggi-do, with a total area of 60,000 ㎡ (about 18,000 pyong). It is the first in the world.
SurplusGLOBAL is trying to maximize the asset value by acquiring used equipment, selling, renting, and evaluating services based on its trading experience with major semiconductor companies. Over the past 19 years, they have traded over 20,000 units of equipment with over 2,000 companies. The cluster makes the used equipment ecosystem more robust. The cluster has the structure in which customers visit the place where various companies and solutions are tied together because used equipment requires reorganization. In this process, it is expected that the purchase of parts necessary for the maintenance can be enacted and customer contact points can be expanded.
In addition to establishing the cluster, the company will also establish a subsidiary in Japan, reinforce 300mm in sales of used equipment, and reorganize its online marketplace. It is one of the strategies to strengthen its online and offline platforms. The company will also introduce an efficiency increasing inventory management solution by participating in the Semicon Korea 2019 exhibition. A SurplusGLOBAL official said, "Although we are concerned about the boom of memory semiconductors, we believe that the non-memory sector, which accounts for about 70% of the total market sales, will do well in the long term. Stable sales of our company will continue due to growth in the non-memory sector.”
Founded in March 2000, SurplusGLOBAL is the No. 1 seller in the world's second-hand semiconductor equipment market. It was listed on the KOSDAQ in 2017. The cumulative sales reached KRW 109.5 billion by the third quarter of last year, exceeding the total sales in 2017. The operating profit amounted to KRW 20.1bn. And the total operating profit in 2017 was KRW 19.6bn.
A SurplusGLOBAL official said, "It is expected that the semiconductor industry will experience difficulties this year, but we will take the experience of overcoming the crisis as a leap forward. We will continue to invest to become a company valued over KRW 1 trillion by 2025." The semiconductor used equipment market is estimated at around KRW 3 trillion worldwide.