TOKYO, Japan, – February 29, 2012 – Advantest Corporation (TSE: 6857, NYSE: ATE) today announced that its South Korean subsidiary, Advantest Korea Co., Ltd. (Seoul, South Korea) has reached a consensus with the local development bureau to purchase land in Cheonan City, Chungnam Province for a new plant.
South Korea has key semiconductor industry companies and it is a key marketing area for our business. In South Korea Advantest manufactures Dynamic Test Handlers, which transfer devices into semiconductor test system, along with Device Interface products for semiconductor testers. The new plant will strengthen Advantest’s global supply network and further increase competitiveness.
Land area to be purchased is about 40 thousand m2. Advantest expects the land purchase price to be about 20 billion won (about 1.3 billion yen), and to complete the land acquisition in April 2012. Products made at the new plant will be shipped to South Korean customers, and exported globally.
- Cheonan Third Industrial Complex, Chaam-dong, Seobuk-gu, Cheonan-si, Chungchongnam-do, South Korea
Note: All information supplied in this release is correct at the time of publication, but may be subject to change without warning.