Semiconductor equipment specialist IST (CEO Cho Chang-hyun) announced its 2025 annual earnings results on the 6th. Consolidated sales for 2025 were 32.2 billion won, and an operating loss of 5.8 billion won was recorded. The company attributed the loss to delays in investment execution by major customers and one-time increases in costs related to entering new product markets.
IST announced that it has entered a recovery phase, with orders resuming from major customers starting in the second half of 2025. Demand for core equipment, such as FOUP cleaners, has increased as investment in advanced memory processes, particularly HBM, has expanded, and new orders have continued since the end of 2025.
The company projected a turnaround in performance, with approximately KRW 15 billion in secured orders by the end of 2025 and additional orders recognized as revenue after 2026. The company also announced that it is expanding its customer base beyond its existing SK Hynix-centric order structure to include new clients, including global IDMs.
IST announced that it has entered the portfolio completion stage by expanding its equipment lineup, including FOUP Inspection complex equipment, HBM-specific FOUP cleaner, and PECVD.
In addition, the company decided to convene a regular shareholders' meeting to add the AI Data Center (AI DC) business to its articles of incorporation. The company stated, "The AI Data Center business formalizes a project currently being pursued through strategic collaboration with Pegatron, and we plan to foster it as a mid- to long-term growth driver alongside the recovery of our semiconductor equipment business."
IST plans to enhance order visibility through collaboration with key customers and strengthen its mid- to long-term growth engine by focusing on advanced process equipment and AI infrastructure as its two main growth axes.
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