Wonik IPS Co., Ltd. (Ticker: 240810.KQ) manufactures and sells advanced semiconductor equipment and materials, specializing in dry cleaning systems, deposition tools, and related components for the semiconductor and display industries. The company offers dry cleaning equipment such as single-wafer and batch-type plasma cleaners; chemical vapor deposition (CVD) systems including low-pressure and high-density plasma types; etching tools; and ancillary services like refurbishment, parts supply, and process optimization for wafer fabrication facilities. Headquartered in Gyeonggi-do, South Korea, and founded in 1996, Wonik IPS operates primarily in Asia with customers including major chipmakers in South Korea, Taiwan, and China, serving the logic, memory, and foundry segments of the semiconductor market.
Its product portfolio encompasses Wonik-branded dry clean systems like the IPS-Rx series for isotropic cleaning, PECVD tools for thin film deposition, and ALD equipment for atomic layer processes; it also provides after-sales support and upgrades tailored to 300mm wafer production lines. The company targets leading semiconductor foundries and integrated device manufacturers (IDMs) requiring high-purity cleaning and precise thin-film applications to enhance yield and performance in advanced nodes.
In recent developments, Wonik IPS expanded its production capacity through a new facility in South Korea completed in 2024 to meet surging demand for AI chip manufacturing equipment; it secured strategic partnerships with global equipment leaders for co-development of next-generation EUV-compatible cleaners announced in early 2025; and completed a major funding round via convertible bonds in late 2024 to support R&D in high-k metal gate deposition technologies. Additionally, the company reorganized its business units in mid-2025 to integrate display equipment operations into its core semiconductor division, enhancing synergies amid industry consolidation. These changes position Wonik IPS for growth in the expanding advanced packaging and 2nm process technologies market.