Park Systems: Metrology Equipment Demand Rises Amid Semiconductor Boom

[Financial News] Park Systems Co., Ltd. posted a sharp improvement in results in the third quarter of this year as demand for metrology equipment using atomic force microscopy rose amid the semiconductor supercycle (boom).
Park Systems Co., Ltd. reported on the 13th that its third-quarter revenue came to 62 billion won, up 36% from 45.6 billion won in the same period a year earlier. Operating profit for the period rose 41%, from 8.6 billion won to 12.1 billion won. The operating margin reached 20%.
A Park Systems Co., Ltd. official said, “Shipments of metrology equipment to leading semiconductor manufacturers at home and abroad have been steadily increasing this year. Since the second quarter, we have continued to see revenue growth each quarter.”
Park Systems Co., Ltd. recorded a 23.8% share of the atomic force microscope market last year, overtaking U.S.-based Bruker and U.K.-based Oxford Instruments, among others, and retaining its position as the global leader for the fourth consecutive year. An atomic force microscope is a piece of equipment that can measure objects at the nanometer (nm, one-billionth of a meter) scale.
In particular, Park Systems Co., Ltd. entered the semiconductor metrology equipment market by applying atomic force microscopy. It supplies metrology equipment to eight of the world’s top 10 semiconductor companies. As semiconductor circuit line widths have recently shrunk to 10 nm or less, demand for metrology equipment has also continued to grow.
This is also reflected in the company’s results. Park Systems Co., Ltd. has continued to post strong annual growth, with revenue rising from 144.8 billion won in 2023 to 175 billion won the following year and 206.5 billion won last year. SK Securities forecast that Park Systems Co., Ltd. would sustain double-digit earnings growth this year, with revenue rising 21% year over year to 248 billion won.
It also estimated that operating profit for the same period would rise 19% to 50 billion won. Lee Dong-joo, an analyst at SK Securities, said, “With the effects of increased investment across the semiconductor industry, as well as the miniaturization and expansion to larger areas in semiconductor back-end processes, Park Systems Co., Ltd.’s orders will continue to trend upward next year.”
A Park Systems Co., Ltd. official added, “Judging from the current order situation for semiconductor metrology equipment, we should be able to continue our earnings growth in the fourth quarter of this year and next year as well.”
Meanwhile, Park Systems Co., Ltd. is actively pursuing mergers and acquisitions (M&A) to expand its metrology equipment lineup. To date, it has acquired Acurion of Germany, Lyncée Tec of Switzerland, and Rocky Mountain of the United States.

[email protected] Kang Kyung-rae Reporter