KOSDAQ · Deposition equipment · SK hynix DRAM ALD sole-supplier
Jusung Engineering
An atomic-layer-deposition (ALD) equipment specialist. FY2025 revenue ₩133B. Won all next-generation high-k DRAM ALD orders from SK hynix and also supplies Samsung and display makers. HBM and DRAM capex drive demand.
036930.KQ Updated Jul 12, 2026 4 AI consumers· 4 recurring
Per the valuechain.wiki graph, Jusung Engineering is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 8 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · FY2025 revenue ₩133B
- Customer concentration · Won all of SK hynix’s next-gen DRAM ALD orders. Customers SK, Samsung, display.
- Segments · Semiconductor tools · Display & solar tools
Revenue from
- SK hynix High confidence· Revenue ₩133.4B · FY2025 · consolidated total revenue
Won all of SK hynix's next-gen high-k DRAM ALD tools as sole supplier — heavy single-customer dependence, but a near-irreplaceable monopoly position.Confirms EN Seoul Economic Daily Published Jun 11, 2026: Semiconductor equipment stocks surge: Jusung, Wonik IPS on Samsung/SK domestic capexMentions KO Korea Investment & BNK Securities (via media) Published May 27, 2026: Jusung Engineering broker estimates — Korea Investment FY2026 revenue KRW 403bn, BNK target KRW 120,000Confirms KO DART (Korea FSS) Published Jul 10, 2024: Jusung Engineering single supply contract (semiconductor equipment) - display · solar Medium confidence
Supplies display and solar deposition tools. - Samsung Electronics Medium confidence
Supplies ALD and other deposition tools to Samsung — Samsung's rising ALD share is a second growth axis.
Pays to
- components & modules (undisclosed) Low confidence
Outsources parts and modules for ALD tools (undisclosed). - precision machining & metrology (undisclosed) Low confidence
Buys precision machining and metrology modules (undisclosed).
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Marvell | lead2 | +84.6 | -57.5 | +63.7 | +83.8 | -22.8 | +177.8 |
| AMD | lead2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +160.5 |
| Everpure (formerly Pure Storage) | lead2 | +44 | -17.8 | +33.3 | +72.3 | +9.1 | +18.4 |
| Broadcom | lead2 | +56.5 | -13.3 | +104.2 | +110.5 | +50.6 | +16 |
| NVIDIA | lead2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +13.3 |
| Qualcomm | lead2 | +22.3 | -38.6 | +35.1 | +8.3 | +13.8 | +11.7 |
| SK hynix | lead1 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +140.3 |
| Samsung Electronics | lead1 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +77.9 |
| Jusung Engineering | node | +127.9 | -42.6 | +173.3 | -3.1 | +30.7 | +364.1 |
YTD as of 2026-07-10 · source: Yahoo Finance
An atomic-layer-deposition (ALD) equipment specialist whose core asset is a monopoly-like position: it won all of SK hynix's next-generation high-k DRAM ALD orders as sole supplier. FY2025 revenue of KRW 133.4B is driven by expanding HBM and DRAM capex, and it also supplies deposition tools to Samsung as ALD's share rises, giving it simultaneous exposure to Korea's two memory giants' capex. Risks are the equipment-stock volatility that swings with customer/front-end (SK, Samsung) investment cycles, and dependence on outsourced parts and modules. Upstream on the graph, the trigger is DRAM/HBM capacity additions at SK hynix and Samsung, and this node is the direct beneficiary of that capex.
Analysis generated from returns as of 2026-07-10Analyst ratings
Consensus: Buy 2 · Hold 1 · Sell 0 · Avg. target ₩117,667 · Price ₩191,900 (07-10) · Upside -39%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| Korea Investment & Securities | Buy | ₩189,000 | Apr 29, 2026 | Report ↗ |
| BNK Investment & Securities | Hold | ₩120,000 | Apr 27, 2026 | Report ↗ |
| Eugene Investment & Securities | Buy | ₩44,000 | Jan 27, 2026 | Report ↗ |
Mass-production PECVD-ALD for tandem cells enables earnings expansion and re-rating; target raised 75% to KRW189,000, Buy maintained.
Analyses covering this node
- Target upside is a residual, not a signal: consensus writes down the chain after the fact Jul 10, 2026