Yongin City said on Monday that it has secured fab equipment companies DSE Tech, NexStar and Justem as investors for its planned semiconductor cluster.
The three companies will spend 41.5 billion won in the city to build their equipment factory and related facilities.
DSE Tech is a tier-1 supplier to SK Hynix. The company supplies power supply equipment for other fab equipment.
It will spend 10 billion won on 8,578 meter-square of land to build a two story factory that will take up 2,971 meter-square of space. It will also move its headquarters to Yongin from Pyeongtaek.
NexStar supplies semiconductor inspection and measuring equipment. It will spend 12.5 billion won on 17,890 meter-square of land to build a two story factory that will take up 10,484 meter-square of land.
Justem supplies chip and display production equipment and component. It will put in 19 billion won on 3,986 meter-square of land to build a four story factory that takes up 3,261 meter-square of space.
NexStar and Justem has already received municipal approval to build their factories. DSE Tech is expected to get theirs by the end of April.
Yongin City said the three companies are expected to record 118 billion won in sales and add 200 jobs to the city once their new facilities go live in 2022.