KOSDAQ · semi metrology · atomic force microscopy
Park Systems
A world leader in atomic force microscope (AFM) metrology, which non-destructively measures nanoscale surfaces and defects. It has developed new metrology tools for hybrid bonding slated for next-generation HBM manufacturing, with Samsung Electronics and SK hynix driving commercialization. As HBM stacking and hybrid bonding shrink, the demand for inspection precision rises and Park Systems' tool adoption grows — a metrology chokepoint of the advanced-packaging cycle.
140860.KQ Updated Jul 12, 2026 4 AI consumers· 4 recurring
Per the valuechain.wiki graph, Park Systems is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 9 companies within two hops; the links are backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).
Financials & Segments
- Total revenue · Atomic force microscope (AFM) metrology
- Segments · Atomic force microscope (AFM) metrology
Revenue from
- Samsung Electronics High confidence
Supplies AFM metrology tools to Samsung and jointly drives commercialization of new hybrid-bonding metrology — adoption is linked to memory and foundry advanced-packaging investment.Confirms KO Sisa Journal e Published Jan 1, 2026: Park Systems develops hybrid-bonding metrology for Samsung/SK - SK hynix Medium confidence
Supplies AFM metrology tools to HBM leader SK hynix — adoption grows as hybrid bonding and stacking scaling demand more metrology precision; hynix's HBM roadmap is Park Systems' new-tool demand.Mentions KO Shinhan, Kiwoom Securities Published May 1, 2026: Backlog surge, second-half strength; targets KRW 355,000-370,000 (Buy: Shinhan, Kiwoom)Confirms KO Sisa Journal e Published Jan 1, 2026: Park Systems develops hybrid-bonding metrology for Samsung/SK
Pays to
- equipment & infrastructure (undisclosed) Low confidence
Capex in assembly and cleanroom facilities/infrastructure — investment to mass-produce the new metrology lineup, where capacity matched to the demand ramp governs lead times (undisclosed).Confirms KO Sisa Journal e Published Jan 1, 2026: Park Systems develops hybrid-bonding metrology for Samsung/SK - components · optical · R&D (undisclosed) Low confidence
Optics, precision parts and R&D are the cost core — the optical and probe technology that sets metrology precision is the product's competitiveness, so R&D is the key cost of maintaining the moat (suppliers undisclosed).Confirms KO Sisa Journal e Published Jan 1, 2026: Park Systems develops hybrid-bonding metrology for Samsung/SK
Investors
- Sang-il Park (founder, largest shareholder, 32.30%) High confidence
A founder-led ownership structure — founder Dr. Sang-il Park is the largest shareholder at 32.30%. The AFM-technology founder's long-term stewardship underpins continuity in developing new HBM and hybrid-bonding metrology tools.
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 |
| Alphabet (Google) | lead2 | +65.3 | -39.1 | +58.3 | +36 | +66 | +14.3 |
| 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 |
| Park Systems | node | +25.1 | +1.6 | +41.6 | +37.3 | +28.9 | -11.2 |
YTD as of 2026-07-10 · source: Yahoo Finance
The thesis is how much Park Systems pre-empts HBM and hybrid-bonding metrology demand. AFM catches nanoscale defects non-destructively, so as HBM stacking and hybrid bonding shrink, inspection-precision requirements rise and adoption of its new metrology tools grows. With Samsung and SK hynix driving commercialization, its memory customers move ahead of its own stock — a leading setup. But with revenue concentrated in a few memory customers and specific tools, earnings swing sharply with adoption timing and the fab-capex cycle.
Analysis generated from returns as of 2026-07-10Analyst ratings
Consensus: Buy 3 · Hold 0 · Sell 0 · Avg. target ₩338,000 · Price ₩269,500 (07-10) · Upside +25%
| Broker | Rating | Target | Published | |
|---|---|---|---|---|
| iM Securities | Buy | ₩334,000 | Jun 9, 2026 | Report ↗ |
| Shinhan Securities | Buy | ₩370,000 | May 27, 2026 | Report ↗ |
| NH Investment & Securities | Buy | ₩310,000 | Nov 20, 2025 | Report ↗ |
Weak Q1 is a shipment-timing effect concentrated in Q2+, with H2 recovery expected; new tools (NX-TSH, hybrid WLI) and resumed non-memory capex are positives. KRW334,000 target.