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SurplusGLOBAL Gets ‘Parts Distribution’ Business into Full Gear, Besides Pre-Owned Semiconductor Equipment Business
- News
- 2022-03-17
SurplusGLOBAL Gets ‘Parts Distribution’ Business into Full Gear, Besides Pre-Owned Semiconductor Equipment Business
- Builds Platform for Distributing Semiconductor Equipment Parts
- Promotes Diverse Businesses, Including Distribution, Repair, Manufacture of Substitutes, and Quality Assurance
- Expects Synergy Effect with Existing Pre-owned Semiconductor Equipment Business
SurplusGLOBAL, the largest company specializing in the distribution of pre-owned semiconductor equipment in Korea, is entering semiconductor equipment "parts" business in earnest this year. Its strategy aims to target the semiconductor equipment parts market, for which there is steady demand, and create synergies with existing businesses. According to industry officials on March 7, SurplusGLOBAL is building a business platform for the distribution of semiconductor equipment parts. The platform being built by SurplusGLOBAL covers diverse business areas besides distribution of legacy (old) parts, including repair, manufacture of substitutes, and quality assurance. SurplusGLOBAL plans to secure products through a number of parts makers and sell them on its own online market. In addition, it will undertake parts repair business together with its subsidiary EQ GLOBAL. EQ GLOBAL specializes in semiconductor equipment repair and parts manufacturing. The company is armed with technology to repair RF (radio frequency) equipment and test equipment. It develops substitutes to make up for the shortage of parts whose production has discontinued, including motors and pad conditioners. The company will also push for quality assurance business in which it will check if parts work properly on specific equipment on behalf of customers. SurplusGLOBAL, which has been distributing pre-owned semiconductor equipment for more than 20 years, possesses various equipment used in the entire process of semiconductor manufacturing. Its strategy calls for creating synergy effects by utilizing these kinds of equipment.
SurplusGLOBAL is expanding its scope into the semiconductor equipment parts business because the market is promising. The lead time (the time from order to delivery) in the semiconductor equipment parts market has increased considerably due to a surge in demand and instability in the global supply chain. In particular, the 200mm equipment, an old equipment, draws little new investment, making its supply more difficult. Bruce Kim, CEO of SurplusGLOBAL said, "The company has focused its capabilities on the pre-owned semiconductor equipment business, and now it plans to expand into related businesses in earnest this year by checking the demand for the parts distribution business from many customers." Kim added that he expects the company to increase sales significantly as it has various pre-owned semiconductor equipment and network of customers. “It is not easy for individual companies to respond properly in the parts market because there is a much wider variety of items than in the equipment market,” Kim noted, adding, "In order to solve this problem, we are building a platform to distribute and manage many semiconductor equipment parts comprehensively."
