DB HiTek explained

DB HiTek Co., Ltd.
Native Name:주식회사 디비하이텍
Native Name Lang:ko
Former Name:Dongbu HiTek
Type:Public
Industry:Semiconductors
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Hq Location City:Bucheon, Gyeonggi-do
Hq Location Country:South Korea
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Parent:DB Group

DB HiTek Co., Ltd., formerly Dongbu HiTek, is a semiconductor contract manufacturing and design company headquartered in Bucheon, Gyeonggi-do, South Korea. DB HiTek is one of the major contract chip manufacturers, alongside TSMC, Samsung Electronics, GlobalFoundries, and UMC.[1] It is also the second-largest foundry company in South Korea, behind Samsung Electronics.[2]

History

Dongbu Electronics was founded as a memory chipmaker in 1997, but later was transformed into a foundry company in 2001.[3] Dongbu Electronics acquired Anam Semiconductor's foundry operation from Amkor Technology for 114 billion South Korean Won (US$ 93 million) in 2002.[4]

Dongbu HiTek was established in 2007 as a result of the merger between Dongbu Electronics and Dongbu Hannong Chemical, both of which are subsidiaries of Dongbu Group.[5] Dongbu HiTek changed its company name to DB HiTek when Dongbu Group was renamed DB Group in 2017.[6]

See also

Notes and References

  1. News: Jin . Hyunjoo . Busvine . Douglas . Kirton . David . December 17, 2020 . Analysis: Global chip shortage threatens production of laptops, smartphones and more . . .
  2. News: . August 13, 202 . DB Group denies seeking to sell South Korea's No. 2 foundry company . Yonhap. Seoul .
  3. News: Park . Shin-young . April 4, 2022 . Foundry player DB HiTek: An ugly duckling becomes a golden swan . .
  4. News: Clarke . Peter . September 30, 2002 . Amkor completes sale of Anam stake to Dongbu . . .
  5. News: Wohn . Dong-hee . May 2, 2007 . Chin continues dance with Dongbu HiTek . .
  6. News: Jhoo . Dong-chan . July 19, 2019 . Founder's scandals hamper DB's rebuilding efforts . .