What Mirae does

Mirae Corporation (KOSPI:025560) is a South Korean semiconductor back-end equipment manufacturer founded in 1983 and headquartered in Cheonan, Chungcheongnam-do. The company develops, manufactures, sells, and services four product lines: ATE (Automated Test Equipment — including memory, logic, and module test handlers plus burn-in sorters), SMT (Surface Mount Technology — hybrid placement and insertion machines), LMT (Linear Motors), and MRM (Mask Manufacturing Equipment for KF94/KF80 protective masks). ATE products account for approximately 72% of total sales. The company operates an affiliated research institute established in 1987 and is the first Korean firm to locally produce semiconductor test handlers and chip mounters.

The company's underlying technology stack includes proprietary U-shape coreless linear motors with a patented cooling system used in its own equipment since 1998; high-parallelism test handler architectures (up to 768 parallel sites on the MH7); precise temperature control (±1.0°C across a -40°C to +125°C range); auto-teaching vision, 3D vision inspection, and self-diagnosis features; and factory automation (OHT/OHC) integration. The product portfolio spans memory test handlers (M500HT, MH7, MH5), burn-in sorters (M850/MB series), application handlers (MA16 for GDDR6 graphics memory), logic handlers (ML16, M620), the MAI hybrid insertion system, and 50–120 sheets/min mask lines. The firm holds roughly 1,066 patents (612 domestic, 454 international across the US, Japan, Taiwan, China, Germany, and others).

Mirae runs a hardware-led business model, selling capital equipment globally through direct enterprise sales teams organized by product line (ATE, SMT, LMT, MRM) and an overseas dealer network reaching Europe, Asia, the Middle East, and the Americas. Recurring revenue comes from after-sales service and support (customer hotline 1588-0461). End customers include global memory and NAND Flash manufacturers, with SK Hynix (formerly Hyundai Electronics) recognized as a localization partner. The firm is majority-controlled (40.40%) by Nextun&Roll Korea Co., Ltd. (KOSDAQ:089140), itself controlled through the Loanco Holdings group, and Mirae consolidates wholly-owned Aron Technology (precision components), Suzhou Mirae Automation Technology (China), Mirae Corporation VINA (Vietnam), and a 36.83% stake in Atlas Link.

Name

Mirae

Legal name

미래산업 주식회사

Website

https://mirae.co.kr

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

1–10 employees

Short description

Mirae Corporation is a South Korean KOSPI-listed semiconductor back-end equipment manufacturer founded in 1983, producing test handlers, burn-in sorters, SMT insertion machines, linear motors, and mask manufacturing equipment for global semiconductor and electronics manufacturers.

Ownership category

akta.pro rank

Product category

Semiconductor Equipment

NAICS

Semiconductor Machinery Manufacturing (333242), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (33451)

SIC

Special Industry Machinery, Nec (3559), Instruments For Meas & Testing Of Electricity & Elec Signals (3825), Measuring & Controlling Devices, Nec (3829)

akta.pro primary industry

Test, Probe & Burn-In Equipment (Wafer Sort/Final Test) (HDAHAEAJ)

akta.pro secondary industries

Back-End/Advanced Packaging Equipment (Die Attach/Wire Bond/Flip-Chip/TCB) (HDAHAEAL), Metrology, Inspection & Process Control Equipment (HDAHAEAH)

Keywords

• Semiconductor equipment
• Test handlers
• SMT mounters
• Linear motors
• Mask manufacturing equipment

Headquarters

HQ city

Cheonan

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. Semiconductor Equipment Sales: Mirae generates revenue primarily from manufacturing and selling semiconductor test and inspection equipment, including ATE (Test Handlers) which account for approximately 72% of total sales, SMT Mounters, Linear Motors, and Mask manufacturing equipment. The company develops, manufactures, sells, and services these products globally.
2. After-sales Service and Support: The company provides service and support for its semiconductor equipment, with dedicated customer service departments and contact information for each product line.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Mirae Corporation develops, manufactures, and services post-process inspection equipment for the semiconductor and electronics manufacturing industries. Its core offerings include Automated Test Equipment (ATE) such as memory test handlers, burn-in sorters, application test handlers, logic test handlers, and module test handlers; Surface Mount Technology (SMT) hybrid placement and insertion systems; Linear Motor Technology (LMT) products; and Mask Manufacturing (MRM) equipment for KF94 and KF80 mask production. The company sells these products globally to semiconductor memory and logic manufacturers and electronics assembly customers.

Product overview

Mirae Corporation is a semiconductor equipment company offering four main product lines: ATE (Automated Test Equipment) including Memory Test Handlers (M500HT, MH7, MH5), Burn-In Sorters (M850A, M850i, M850S, MB8i, MB8SST, MB10SM), Application Test Handlers (MA16), Logic Test Handlers (ML16, M620), and Module Test Handlers (MR7500); SMT (Surface Mount Technology) products including the MAI Series hybrid insertion systems (MAI-H4T, MAI-H6T, MAI-H8T, MAI-H12T) and various feeder accessories; LMT (Linear Motor) products across U-Coreless, T-Core, and Platen-Core types with multiple series for different applications; and MRM (Mask Manufacturing) equipment (MRM-60, MRM-120) for mask production. The company also provides supporting equipment including Auto Scrap systems (MARS-T, MARS-C) and Chillers (MHEX-08S).

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• 40,960 UPH productivity with 512-parallel M500HT handler
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Three partnerships are on record, tiered core.

• Aron Technology (주)아론테크coreStrategic or Co-development PartnerWholly-owned subsidiary (100%) of Mirae Corporation. Develops and manufactures precision mechanical equipment components for semiconductor test handlers, including Socket Guide, Buffer, Pick & Place TIP, Pusher, Test Try, Test Jig, and Base Plate. Jointly develops precision components for Mirae's test handlers.
• Suzhou Mirae Automation TechnologycoreStrategic or Co-development PartnerWholly-owned China subsidiary (100%) of Mirae Corporation. Overseas legal entity for manufacturing and sales operations in China.
• Mirae Corporation VINAcoreStrategic or Co-development PartnerWholly-owned Vietnam subsidiary (100%) of Mirae Corporation. Overseas legal entity for manufacturing and sales operations in Vietnam.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Hanmi Semiconductor: Korean semiconductor equipment company specializing in test handlers and saw dicing equipment for memory and logic chips. Direct competitor to Mirae in memory test handlers, particularly for SK Hynix and Samsung supply chains.
• Techwing: Korean test handler manufacturer specializing in memory and logic semiconductor test handlers with high parallelism. Direct competitor in Korean memory manufacturer supply chains alongside Mirae.
• Cohu: US-based semiconductor test handler and contactor company providing handlers for memory, automotive, and industrial ICs. Direct competitor in semiconductor test handler market with broader product breadth.
• ISC (ISC Co., Ltd.): Korean manufacturer specializing in semiconductor test handlers and inspection equipment. Direct Korean competitor to Mirae in memory test handler market with focus on SK Hynix and Samsung customers.
• Changchuan Technology (Hangzhou Changchuan): Chinese semiconductor test equipment manufacturer specializing in test handlers and ATE for memory and logic ICs. Direct competitor in test handler category with strong Chinese fab customer base.

Broad incumbents

• Advantest: Japanese global leader in semiconductor automatic test equipment (ATE) with the V93000 platform. Broad incumbent dominating advanced logic, SoC, and memory test equipment worldwide with much larger scale than Mirae.
• Teradyne: US-based ATE leader with UltraFlex platform serving logic, automotive, and memory test markets. Broad incumbent offering full semiconductor test stack including handlers via acquisition of Universal Instruments.
• ASM Pacific Technology: Hong Kong-based global leader in semiconductor assembly equipment including die bonding and packaging. Broad incumbent in back-end semiconductor equipment with significant SMT and packaging equipment overlap with Mirae's SMT mounter business.

Emerging players

• SFA Semicon: Korean semiconductor back-end equipment company offering sorting, test, and packaging equipment. Adjacent competitor in Korean back-end semiconductor equipment market with emerging presence in handler and inspection.
• Exicon: Korean semiconductor memory test handler company competing in the same Korean memory manufacturer supply chain. Emerging player focused on memory test handling with direct product overlap with Mirae's MH and M-series handlers.

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mirae-corporation

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mirae