The investment company Miraeohsung Group announced on April 15 that it has signed a business agreement with Jedaon Co., Ltd., a semiconductor specialist company. Miraeohsung Group has promised active business support for expanding business scope to Jedaon's China and Asian countries through this investment and business agreement.
During
the 1990s and 2000s, Hosan
Electronics, a former company of Zedeon, was selected as an excellent partner
for its breakthrough contribution in achieving the country's first annual sales
of 25 billion won in a single memory item and reducing costs of localization by
Samsung Electronics. Afterwards, the management team gathered based on this
technological prowess and established Jedon.
Zedaon is a
specialized non-memory semiconductor company and has a competitive edge in
back-end process technology. Based
on patents for semiconductors and display panels, Jeddahon is
establishing business areas in Singapore, Taiwan, Malaysia and other parts of
Asia. In particular, Zedaon has
achieved an impressive feat of being selected as a major supplier of P/Card in
2018 by Innotron (a
Chinese DRAM manufacturer), which is a leading Chinese semiconductor
manufacturer).
In the
semiconductor market, the non-memory market is twice the size of the memory
market, and the semiconductor market will be focused on non-memory. In line
with this trend, Samsung Electronics and SK Hynix, which have a high percentage
of memory semiconductors, are also expanding their non-memory business
investments, further strengthening their market competitiveness.
Miraeohsung
Group will incorporate Jedaon Co.,
Ltd. as an affiliate through this business agreement and plan to make strategic
investment plans in semiconductor field and to strengthen its competitiveness.
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