Mirae Corporation Wins 10.5 Billion Won Semiconductor Test Order for China
A supply agreement with YILING Trading brings high-productivity memory test handlers to the Chinese market.
Mirae Corporation has signed a major supply agreement with YILING Trading to deliver semiconductor inspection equipment to the Chinese market. The deal underscores a growing demand for high-capacity memory testing infrastructure in the region.
The contract, valued at approximately 10.5 billion won, involves the delivery of four memory test handler systems. Specifically, the order includes the M500HT and MH5 models. According to technical specifications, the M500HT is designed for high-volume throughput, featuring 512-para parallel processing that allows for the simultaneous inspection of up to 512 dies. The MH5 model focuses on operational efficiency, supporting full factory automation through 3D vision inspection and integration with overhead hoist transport (OHT) systems.
Market Context
Mirae Corporation has pivoted heavily toward semiconductor automated test equipment (ATE), a segment that has become the primary driver of its financial performance. In the first quarter of this year, the company reported revenue of approximately 20.74 billion won and an operating profit of 4.89 billion won. The buyer in this transaction, YILING Trading, operates as a Hong Kong-based subsidiary of Shanghai Yiling Precision Electronics. Established in 2016, YILING Trading specializes in the distribution of global inspection equipment to Chinese semiconductor firms.
Industry Implications
This order highlights Mirae Corporation's ability to compete in the specialized memory test handler market against larger global incumbents. By providing equipment capable of massive parallel processing and seamless automation, Mirae is positioning itself as a critical partner for Chinese firms seeking to scale their memory production and quality control. The scale of the contract represents a significant win for the company's order book and validates its current technical trajectory in the ATE space.
Next Steps
The agreement includes specific payment terms, with 70% of the contract value due before shipment and the remaining 30% payable upon final customer acceptance. Notably, the deal was structured without a down payment. Industry observers will be watching to see if this shipment leads to further expansion of Mirae's footprint in China or if similar high-volume orders emerge from other regional players seeking to upgrade their testing capabilities.