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 | +163.4 |
| AMD | lead2 | +56.9 | -55 | +127.6 | -18.1 | +77.3 | +123 |
| Everpure (formerly Pure Storage) | lead2 | +44 | -17.8 | +33.3 | +72.3 | +9.1 | +48.5 |
| NVIDIA | lead2 | +125.5 | -50.3 | +239 | +171.2 | +38.9 | +23.7 |
| Broadcom | lead2 | +56.5 | -13.3 | +104.2 | +110.5 | +50.6 | +3.8 |
| Qualcomm | lead2 | +22.3 | -38.6 | +35.1 | +8.3 | +13.8 | +0.2 |
| SK hynix | lead1 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +81.6 |
| Samsung Electronics | lead1 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +59.7 |
| Jusung Engineering | node | +127.9 | -42.6 | +173.3 | -3.1 | +30.7 | +331.2 |
YTD as of 2026-09-04 · source: Yahoo Finance
Jusung Engineering operates across KOSDAQ, Deposition equipment, SK hynix DRAM ALD sole-supplier. It is up +331.2% in 2026. The stock (+331.2%) and its demand side (avg +70.7%) are moving in step. Among connected nodes the furthest ahead is SK hynix (+81.6%) and the furthest behind is Samsung Electronics (+59.7%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. HBM and DRAM capex drive demand.
Analysis generated from returns as of 2026-09-04Analyst ratings
Consensus: Buy 2 · Hold 1 · Sell 0 · Avg. target ₩117,667 · Price ₩178,300 (09-04) · Upside -34%
| 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