Wonik Materials is expected to post record-breaking performance in 2021 and 2022, driven by increased input of related materials and capacity expansion due to the increasing difficulty of semiconductor memory processes.

Shinhan Investment Corp. Research Fellow Choi Do-yeon projected 2021 sales of KRW 300.8 billion, an 8.7% increase year-on-year, and operating profit of KRW 52.1 billion, a 13.4% increase, in a corporate analysis report released on the 16th. He also forecasted 2022 sales of KRW 346.5 billion, a 15.2% increase year-on-year, and operating profit of KRW 64.5 billion, a 23.7% increase.

According to Research Fellow Choi Do-yeon, the effect of Samsung Electronics' P2 line operation is expected to be significant, and as the difficulty of memory semiconductor processes increases, the demand for capacity expansion is increasing, and this trend is expected to intensify in 2022 due to the transition to DRAM DDR5 and the application of NAND double stack.

Accordingly, it is projected that global memory semiconductor CAPEX will exceed 250,000 units per month in 2022.

In particular, Samsung Electronics is expected to lead this capacity expansion, and Wonik Materials, which supplies a large portion of its products to Samsung Electronics, is expected to benefit.