Korean Startup RNR LAB Raises KRW 1.8 Billion for Advanced Semiconductor Tech
Reading Time: 2 minutesRNR LAB, a Korean startup specializing in semiconductor heat treatment equipment incubated by the Gyeonggi Creative Economy Innovation Center, has secured an investment of KRW 1.8 billion from KCLAVIS Investment. Given the emerging demand for heat treatment processes in memory semiconductor production, akin to those in system semiconductor production, the next-generation semiconductor heat treatment process technology held by RNR LAB is drawing increased attention.
RNR LAB is focused on developing heat treatment equipment for use in next-generation semiconductors, LEDs, and power device products. RNR LAB contends that its technology offers over 50% improvement in productivity and process stability compared to its competitors, thus enhancing the cost competitiveness and yield for its clients.
This round of investment is particularly noteworthy as it underscores RNR LAB’s technological prowess, with APET, a forefront semiconductor equipment company, serving as a major investor. APET specializes in manufacturing semiconductor equipment, particularly wafer cleaners and dryers for semiconductor production, and supplies its cleaning equipment to clients both within and outside Korea.
Currently, RNR LAB is in the process of conducting evaluations with two major domestic corporations following the signing of non-disclosure agreements (NDAs) and has also signed a memorandum of understanding (MOU) for the development of core technology with a leading optics company, aiming for the advancement of its equipment.
Jungdo Ryu, CEO of RNR LAB, expressed optimism regarding the future, stating, “Discussions for additional investment are positively underway following this round of funding. The investment will be allocated towards the enhancement of our equipment, with the goal of leading the global market by achieving sales of KRW 10 billion by 2025 and planning for an initial public offering (IPO) by 2027.”
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