GEYONGGI-DO, KOREA and MOSCOW, RUSSIA -- (Marketwired) -- 09/16/13 -- JUSUNG Engineering Co., Ltd. ("JUSUNG") (KOSDAQ: 036930), a leading supplier of advanced technology and tools for semiconductor, display and solar cell equipment, and Crocus Nano Electronics,LCC ("CNE") is pleased to announce a definite agreement to supply an integrated etch and deposition system for an advanced MRAM technology.
CNE is a joint venture founded by Crocus Technology, a global leading MRAM semiconductors developer, and RUSNANO, a Russian state-owned international investment company. The supply agreement has a significant meaning to JUSUNG's global expansion strategy as the process technology was validated by Crocus Technology in the USA.
MRAM etching equipment (Model name: Genaon Plus) to be supplied by JUSUNG is a core process tool that can etch non-volatile materials such as platinum, manganese and cobalt. Conventional process tools cannot process such new materials that are used in advanced memory devices, making JUSUNG's Genaon Plus a unique enabling technology.
According to JUSUNG, the plasma etching equipment specialized for magnetic metal layers patterning, one of the most critical in MRAM processes, can completely eliminate polymer residue left behind on the side walls during the etching process, thereby enabling chip designers to utilize a variety of new materials.
As a low-power, high-density memory chip that combines storage capacity of flash memory and high speed of DRAM, MRAM is emerging as a next-generation memory. The MRAM market is engaging rapidly and is expected to grow to 925 billion Korean Won in 2018 globally. JUSUNG is excited to participate at the early stage of such a high growth market.
Mr. CJ Hwang, CEO of JUSUNG, commented, "We identified Crocus Technology as an ideal partner to launch our next-generation equipment. Crocus is an industry leader in the emerging market. While this is a new partnership for JUSUNG, our goal is unchanged to develop innovative technologies to delight our customers."
Mr. Boris Omarov, CEO of CROCUS NANO ELECTRONICS, commented, "We made the critical decision for CNE because Jusung is the leader in Magnetic Etch Technology. Jusung is the perfect partner for CNE and Russia, since they all share the same spirit of pacesetting and dedication to perfection."
About JUSUNG Engineering Co., Ltd.
JUSUNG (KOSDAQ: 036930) is Korea's largest process technology solutions provider for Semiconductors, Flat Panel Displays, Solar, OLED and LED lighting. After the company's foundation establishment in 1995, JUSUNG Engineering introduced Korea's first semi-conductor equipments and continued to be recognized as the global supplier with the global standard state-of-the-art technology. With its proprietary technology, JUSUNG released large area display equipments in 2002 and solar cell equipments in 2006, and it successfully diversified the business sectors. Starting 2010, JUSUNG anticipates being the global leader through proven technological advancements in LED and OLED equipments. For more information, please visit http://www.jusung.com.
About Crocus Nano Electronics
Crocus Nano Electronics is the world's first MRAM high volume manufacturer of MRAM MLU based devices. Crocus Nano Electronics 300mm wafer fab is scheduled to be operational in 2013 and is the world's first dedicated high volume manufacturing facility for MRAM devices with features sizes of 90nm and 65nm.
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