Aspires to Become Top-tier Materials Company
SK Inc. will invest 5.1 trillion won in high-tech material businesses by 2025 to become a global top-tier material company.
SK Inc. announced its future business plan on Sept. 15. The company said it is aiming to become a leading high-tech material company based on preemptive investments and synergies with its existing businesses. "We will leap to become a global top-tier material company through active investment in high value-added, high-growth areas, global collaboration and mergers and acquisitions."
SK Inc. announced investment plans in three major areas. In the semiconductor material sector, it plans to expand the market shares of its existing core products such as wafers and special gas and maximize technological competitiveness by expanding its product portfolio.
In the power and compound semiconductor sector, the company plans to expand its production capacity for SiC wafers and localize compound semiconductors and their raw materials.
In the battery material sector, the company will promote global expansion of the copper foil business and accelerate next-generation battery material portfolio investment.
SK Inc. will ramp up monthly production of 300mm silicon wafers from the 1.3 million units to 1.6 million by 2025. It will also dial up annual production of special gas (NF3) to 18,000 tons from the current 12,500 tons, annual production of SiC wafers to 600,000 units from the current 30,000 units, annual production of power and compound semiconductors to 85,000 units from the current 2,000 units, and annual production of copper foil to 150,000 tons from current 50,000 tons. It has also set the goal of producing 4,000 tons and 5,000 tons of anode and cathode materials, respectively, by 2025.
The company declared that it will raise its earnings before interest, tax, depreciation, and amortization (EBITDA) from the estimated 1.1 trillion won in 2021 to 3.4 trillion won in 2025. The total investment is expected to reach 5.1 trillion won by 2025.