MiCo
MiCo is a South Korea-based, KOSDAQ-listed ceramic materials and thermal management components manufacturer serving semiconductor equipment makers and wafer fabs with ceramic heaters, ceramic powders, carbon composites, and specialty coatings, while expanding into SOFC energy systems, hydrogen infrastructure, and CCUS/WtE through subsidiaries.
- Company typePublic
- Founded1996
- HeadquartersAnseong, South Korea
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What MiCo does
MiCo (주식회사 미코) is a South Korea-headquartered, KOSDAQ-listed ceramic materials and thermal management components company founded in 1996 and operating through a group of wholly-owned subsidiaries including Komico (precision cleaning and coatings), MiCo Ceramics (full-process ceramic heaters), MiCo Power (SOFC/SOEC fuel cell systems), MiCo HiTech (sintering equipment, being absorbed effective July 1, 2026), and HPS (industrial boilers, marine scrubbers, CCUS, WtE). Its core product lines are organized into three business units: Ceramic Powder (raw materials including Si3N4 for bearings, cutting tools, and biomedical applications), Package Business (ceramic heaters and Bond Tools used in TC Bonder equipment for chip-to-chip and chip-to-substrate bonding in semiconductor back-end packaging — the MPH 016/022/028/035 family delivers heating speeds of ≤1.5–3 seconds and operating temperatures up to 450°C), and Carbon Business (carbon-carbon composite components for PECVD equipment in solar/PV cell manufacturing and for OLED production, with proprietary multi-layer coatings such as HTT_RS-CVIR and HTT_SH TRC providing plasma, chemical, and thermal resistance).
MiCo monetizes primarily through quote-based B2B hardware sales to semiconductor backend packaging equipment manufacturers and wafer fabrication facilities in South Korea, with growing export sales (first overseas pulse heater shipment completed April 2025) and a parallel revenue stream from energy solutions (SOFC systems via MiCo Power, industrial boilers and CCUS/WtE via HPS, hydrogen infrastructure via the 2025 Plantex acquisition). Its go-to-market combines direct enterprise field sales, participation in semiconductor exhibitions such as SEDEX, and targeted R&D partnerships funded by the Korean Ministry of Environment and Ministry of Trade. Pricing is custom and contractual on multi-year cycles, and no public list pricing is disclosed.
The company reports consolidated revenue of KRW 977,036M in 2025 versus KRW 540,504M in 2024 and KRW 381,655M in 2023, a 156% two-year cumulative increase driven by organic thermal management growth, progressive consolidation of HPS, and acquisition-led expansion into hydrogen and clean-energy infrastructure (Plantex in 2025, NEM Energy b.v. in 2026). Operating geographies are concentrated in South Korea today, with the 2026 NEM Energy acquisition marking its first material move into Europe. The group employs approximately 550 people across its subsidiaries and carries ISO 14001 and ISO 45001 certifications.
MiCo firmographics
Firmographics- Name
- MiCo
- Legal name
- 주식회사 미코
- Website
- http://www.mico.kr
- Company type
- Public
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- MiCo is a South Korea-based, KOSDAQ-listed ceramic materials and thermal management components manufacturer serving semiconductor equipment makers and wafer fabs with ceramic heaters, ceramic powders, carbon composites, and specialty coatings, while expanding into SOFC energy systems, hydrogen infrastructure, and CCUS/WtE through subsidiaries.
- Ownership category
- akta.pro rank
MiCo industry classification
Industry- Product category
- Semiconductor Ceramic Components
- NAICS
- Semiconductor Machinery Manufacturing (333242), Semiconductor and Other Electronic Component Manufacturing (33441), All Other Electrical Equipment and Component Manufacturing (33599)
- SIC
- Special Industry Machinery, Nec (3559), Electronic Components, Nec (3679)
- akta.pro primary industry
- Chemical Processing Equipment (Reactors, Mixers, Agitators) (IMAHAEAA)
- akta.pro secondary industries
- Ceramic Powders & Slurries (IMAAABAG), Mica (IMAEAFAH)
Keywords
Where MiCo is headquartered
LocationHeadquarters
- HQ city
- Anseong
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
MiCo business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Semiconductor Equipment Components: Ceramic parts for semiconductor manufacturing including heaters, Bond Tools, and ceramic powder sold to affiliated companies (Komico, MiCoCeramics) and external semiconductor manufacturers
- Package Business (Heater Products): Heater products for semiconductor backend packaging (TC Bonder equipment) including stage heaters and pulse heaters
- Carbon Business: Carbon composite components for solar/PV manufacturing equipment and specialty coating services
- Energy Solutions (via Subsidiaries): SOFC systems, industrial boilers, hydrogen infrastructure through subsidiaries MiCoPower and HPS
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | B2B custom component pricing |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
MiCo product offering
Product offeringCore offering
MiCo manufactures ceramic materials and components for the semiconductor industry, with three core segments: Ceramic Powder (raw ceramic materials including Si3N4), Package Business (ceramic heaters and bond tools for TC Bonder equipment used in chip-to-chip and chip-to-substrate packaging), and Carbon Business (carbon-carbon composite components for PV/PECVD and OLED manufacturing equipment with specialty surface coatings).
Product overview
MiCo is a ceramic materials and components manufacturer with three main business segments: Ceramic Powder (materials for semiconductor and industrial use), Package Business (heaters and parts for semiconductor back-end packaging using TC Bonder equipment), and Carbon Business (carbon composite components for solar/OLED manufacturing and specialty coatings). The company operates through multiple subsidiaries including MiCo (parent), Komico, MiCoCeramics, MiCoPower, MiCoHightech, and HPS. The product portfolio includes ceramic heaters in various sizes (MPH 016, MPH 022, MPH 028, MPH 035) for chip bonding applications, carbon composite components for PV and OLED manufacturing equipment, and specialty coating technologies.
Differentiator
Problem solved
Functional benefit
Brands
- MiCo Group: The parent group encompassing MiCo and its subsidiaries including Komico, MiCo Ceramics, MiCo Power, MiCo Hightech, and HPS.
- Ceramic Powder
- Package Business
- Carbon Business
Products and services
- Ceramic Powder Ceramic powder materials for semiconductor and industrial applications, including silicon nitride (Si3N4) powder for bearings, cutting tools, and biomedical applications. Supplied to subsidiaries and external semiconductor manufacturers.
- Package Business Heaters Ceramic heaters (MPH series) for semiconductor backend packaging processes in TC Bonder equipment, including stage heaters and pulse heaters used for chip-to-chip and chip-to-substrate bonding.
- MPH 016 Heater Miniature ceramic heater with 16x16mm working zone, heating speed ≤1.5 seconds, cooling speed ≤3 seconds, max load 900N, power ≤1,538W. Used in TC Bonder equipment for semiconductor packaging.
- MPH 022 Heater Ceramic heater with 22x22mm working zone, max load 1,100N, power ≤1,982W. Designed for semiconductor packaging applications.
- MPH 028 Heater Ceramic heater with 28x28mm working zone, heating speed ≤2 seconds, cooling speed ≤12 seconds, max load 1,500N, power ≤2,688W. Used in semiconductor packaging processes.
- MPH 035 Heater Ceramic heater with 35x35mm working zone, temperature range 150°C-450°C, heating speed ≤3 seconds, cooling speed ≤10 seconds, max load 3,000N, power ≤6,050W. Used in semiconductor packaging.
- Bond Tool Ceramic Bond Tool components used in TC Bonder equipment for chip stacking and alignment in semiconductor backend packaging.
- Carbon-Carbon Composite Components (Solar/PV) Carbon Carbon Composite (C/C) components including MEGA CC (6.5G/8.6G size) for PV cell manufacturing equipment such as PECVD, with surface coating for enhanced durability and high-temperature resistance.
- Carbon Components for OLED Carbon composite components for OLED manufacturing equipment requiring high-temperature durability.
Quantifiable outcome
- Heating speed of ≤1.5 seconds (MPH 016 model)
- +2 more outcomes
Companies that use MiCo
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
MiCo technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
MiCo partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- 플랜텍 (Plantek)coreAcquisition of Plantek for hydrogen value chain expansion and CCUS/WtE business strengthening. Plantek has hydrogen infrastructure equipment/system capabilities, hydrogen PRG system development, and multiple hydrogen supply chain achievements. Expected to create synergy with MiCoPower's SOFC/SOEC full-cycle technology.
- 한국분체기계 (Korean Powder Machinery)minorSupplier selected through competitive bidding for Ministry of Environment photovoltaic panel recycling technology development project crushing equipment. Selected as lowest priced bidder meeting technical and delivery requirements.
- 현대중공업파워시스템 (HPS)coreHPS is an affiliate engaged in industrial boiler manufacturing, marine environmental solutions (Scrubber, iCER, Onboard-CCS), and clean technology (CCUS, WtE). MiCo has been increasing its stake in HPS. HPS has seen increased orders for HRSG (Heat Recovery Steam Generator) due to energy efficiency improvements and eco-friendly regulations.
- 한국폴리텍대학교 안성 반도체융합캠퍼스minorIndustry-academia cooperation for talent development. MiCo has provided 5,000,000 KRW in scholarship donations to support semiconductor-specialized university education.
Scale indicators6 records
Recent moves7 records
Expansion highlights6 records
MiCo competitors and assessment
Company assessmentBroad incumbents
- NGK Insulators (NTK): Japan-based, world-leading supplier of ceramic heaters (HPS), bond tools, and ceramic components for semiconductor backend packaging and wafer processing equipment. Direct overlap with MiCo's Package Business but at much larger scale and global customer footprint.
- CoorsTek: US-headquartered advanced technical ceramics manufacturer serving semiconductor, aerospace, and industrial markets with engineered ceramic components. Compares to MiCo's vertically-integrated ceramic powder-to-finished-part capability.
- CeramTec (DBAG portfolio): Germany-based advanced ceramics specialist producing components for semiconductor, medical, and industrial applications. Provides a European benchmark against which MiCo's ceramic component capability is scaled.
- Tokuyama Corporation: Japanese chemical and specialty materials producer with silicon nitride powders and electronic-grade chemicals used by semiconductor manufacturers. Comparable upstream raw-materials position to MiCo's ceramic powder operations.
- Showa Denko Materials (Resonac): Japan-based materials supplier (now Resonac Holdings) producing ceramic powders, Si3N4 substrates, and chemical-mechanical products used in semiconductor wafer and packaging processes. Direct comparator for MiCo's ceramic powder and high-purity materials business.
- Morgan Advanced Materials: UK-listed advanced ceramics and carbon composites specialist supplying components into semiconductor process equipment and high-temperature industrial applications. Closely comparable to MiCo's Carbon Business plus ceramic parts portfolio.
- Kyocera Corporation: Global Japanese electronics and ceramics giant with a Semiconductor Components Group producing ceramic packages, bond tools, and process components. Larger, more diversified competitor but overlapping customer base in fab and packaging.
Emerging players
- Bloom Energy: US-listed SOFC system integrator commercializing solid oxide fuel cell technology for stationary power. Most relevant comparator to MiCo Power's SOFC/SOEC stack and system business under MiCo Group.
Direct peers
- Maruwa Co., Ltd. Japanese specialist in ceramic substrates and ceramic-based thermal management components for semiconductor and electronics manufacturers. Strong overlap with MiCo's ceramic heater and Si3N4 powder business, competing for the same backend packaging customers.
- Ferrotec Corporation: Japan-headquartered global supplier of ceramic components, heaters, and thermal management parts for semiconductor manufacturing equipment. Direct overlap with MiCo's pulse heaters, bond tools, and ceramic component offerings to fabs and OEMs.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
MiCo social profiles
Digital presenceMiCo compliance and trust
Trust signalCompliance2 records
MiCo financial estimates
Financial estimateRevenue estimate
Valuation estimate
MiCo leadership team
Management profileNumber of profiles
Profiles11 records
MiCo subsidiaries and ownership
Company hierarchySubsidiaries5 records
MiCo funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MiCo M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MiCo
What does MiCo do?
MiCo manufactures ceramic materials and components for the semiconductor industry, with three core segments: Ceramic Powder (raw ceramic materials including Si3N4), Package Business (ceramic heaters and bond tools for TC Bonder equipment used in chip-to-chip and chip-to-substrate packaging), and Carbon Business (carbon-carbon composite components for PV/PECVD and OLED manufacturing equipment with specialty surface coatings).
Is MiCo a public or private company?
MiCo is a public company. It is classified as public and is currently operating.
When was MiCo founded?
MiCo was founded in 1996. It employs 11 to 50 people.
Where is MiCo based?
MiCo is headquartered in Anseong, South Korea, in the Asia region.
How does MiCo make money?
Four revenue lines are on record. Semiconductor Equipment Components are the primary driver. The others are package Business (Heater Products), carbon Business and energy Solutions (via Subsidiaries).
Who are MiCo's main competitors?
Broad incumbents on record are NGK Insulators (NTK), CoorsTek, CeramTec (DBAG portfolio), Tokuyama Corporation, Showa Denko Materials (Resonac), Morgan Advanced Materials and Kyocera Corporation. Bloom Energy is listed as an emerging player. Direct peers are Maruwa Co., Ltd. and Ferrotec Corporation.
Does MiCo have an API?
No public API is recorded for MiCo.
What industry is MiCo in?
MiCo's product category is Semiconductor Ceramic Components. Its primary akta.pro industry code is IMAHAEAA, Chemical Processing Equipment (Reactors, Mixers, Agitators), with a secondary code of IMAAABAG, Ceramic Powders & Slurries. Its NAICS code is 333242 and its SIC code is 3559.