ITEK
Providing services for the semiconductor industry, such as test development, probe test, and final test services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
* | KRW20.5b | Post IPO Convertible | |
| Total Funding | 000k | ||
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ITEK, Inc., formerly known as ITEK Semiconductor Inc., is a publicly traded South Korean company specializing in semiconductor testing services. Founded on February 1, 2005, the company established its research and development center in 2009 and was subsequently listed on the KOSDAQ in 2010. The firm operates from its Dongtan factory, to which it relocated in 2015, and is headed by CEO Michael Lee.
The core business of ITEK revolves around providing comprehensive testing services for system semiconductors, a critical final stage in the manufacturing process to ensure quality and identify potential issues. The company serves a diverse client base that includes integrated device manufacturers (IDMs), IC design houses, and wafer foundry and packaging companies. Its service portfolio encompasses probe tests, final tests, backend services, and full turnkey solutions. ITEK also offers a suite of test solutions, including design-to-test, logic, mixed-signal, system-on-a-chip (SoC), analog, and RF testing. The company's business model is centered on delivering these specialized testing services, generating revenue by ensuring the quality and reliability of its clients' semiconductor products.
A key differentiator for ITEK is its focus on advanced testing capabilities, particularly for the growing AI semiconductor market. The company has invested in specialized equipment, such as the 'V93K-PS5000', which enables the testing of 5-nanometer and smaller process technologies as well as AI chips, positioning it as a key player in this niche within the domestic market. The company has announced plans to expand its capacity by adding more of these advanced testing units by 2026. In April 2024, ITEK announced a private placement to raise KRW 20.5 billion to support its operations and growth.
Keywords: semiconductor testing, system semiconductor, probe test, final test, turnkey test service, backend services, KOSDAQ, IC testing, AI semiconductor testing, test solutions, wafer testing, system-on-a-chip test, mixed-signal testing, RF testing, design-to-test, Hwaseong, South Korea, Michael Lee, public company, semiconductor manufacturing