What Avatec does

AVATEC Co., Ltd. (주식회사 아바텍) is a South Korea–based, KOSDAQ-listed manufacturer of Multi-Layer Ceramic Capacitors (MLCCs) and advanced functional thin-film coating products for display and semiconductor-packaging applications. Founded in August 2000 and headquartered in Daegu with manufacturing operations in Gumi (two factories, including the second MLCC line that entered mass production in October 2024) and a wholly-owned subsidiary in Yantai, China (established December 2007), the company employs approximately 500 people (as of May 2023) and operates with a capital base of 8.1 billion KRW and total assets of 160.8 billion KRW as of Q3 2024. Its technology stack spans MLCC formulation and in-house equipment manufacturing, sputtering and chemical etching for LCD/OLED panel slimming and coating (ITO, EMI, AR/AF, deco glass), and Through Glass Via (TGV) interposer technology for semiconductor packaging.

The company monetizes through three product streams: MLCC hardware sales (X5R and X7R configurations in 0603 to 3216 sizes), display coating and processing services (slimming, back coating, functional sputter coatings), and TGV interposer components for advanced packaging. Revenue is generated via direct enterprise field sales to anchor customers including LG Display, LG Electronics, Samsung Electronics, an unnamed automotive OEM, and a global solar inverter company, supplemented by an open authorized distributor recruitment program for domestic and international MLCC sales. Pricing is custom-quotation-based with no public list pricing. The automotive and industrial MLCC lines are AEC-Q200 and IATF 16949 certified, gating access to tier-1 automotive supply chains. The company holds multiple registered Korean patents in sputtering, etching, and glass-slimming technologies.

Financial profile for fiscal 2023 showed revenue of 75,771 million KRW with operating profit of 2,200 million KRW. For the first nine months of 2024, revenue reached 68,968 million KRW with operating profit of 9,329 million KRW—a 324% year-over-year operating profit increase and a gross margin expansion from 1.6% in 2022 to 20.4% in 9M 2024, reflecting operating leverage as MLCC volumes scale. The company has secured a 1,018 billion KRW MOU with Gyeongsangbuk-do Province and Gumi City for further MLCC capacity expansion, with a planned 240 new jobs. The CEO is Park Myeong-Seop; Chairman and largest stockholder is Wi Ji-Myeong.

Name

Avatec

Legal name

주식회사 아바텍 (AVATEC Co. Ltd.)

Website

https://avatec.co.kr

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

AVATEC is a KOSDAQ-listed South Korean manufacturer of MLCC ceramic capacitors and advanced thin-film coating products for displays and semiconductor packaging, serving automotive, IT/mobile, display, and renewable energy customers including LG Display, LG Electronics, and Samsung Electronics.

Ownership category

akta.pro rank

Product category

Passive Electronic Components Manufacturing

NAICS

Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing (334416)

SIC

Electronic Components, Nec (3679)

akta.pro primary industry

Assembly & Packaging Services (Wirebond/Flip-Chip/FCBGA) (HDAHADAA)

Keywords

• Multi-layer ceramic capacitors
• Thin-film coating
• Display panel etching
• Through glass via
• Passive electronic components

Headquarters

HQ city

Daegu

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Personnel, Technology or R&D, Operations

Revenue model

1. MLCC Sales: Production and sale of Multi-Layer Ceramic Capacitors for automotive, industrial, and consumer electronics applications including electric vehicles, 5G communication, IoT, and renewable energy sectors
2. Display Coating and Processing: Thin-film coating, etching, and processing services for display panels including LCD slimming, OLED back coating, ITO coating, and EMI filter production
3. TGV Components: Through Glass Via interposer manufacturing for semiconductor packaging applications

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

AVATEC manufactures and sells Multi-Layer Ceramic Capacitors (MLCC) for automotive, IT/mobile, industrial, and renewable energy applications. The company also provides advanced thin-film coating, etching, and processing services for display panels (LCD and OLED), and produces Through Glass Via (TGV) interposers for semiconductor packaging. Operations include in-house MLCC mass production (3 billion units/month capacity) and in-house developed manufacturing equipment for fully domestic production in South Korea.

Product overview

Avatec is a specialist manufacturer of MLCC (Multi-Layer Ceramic Capacitors) and advanced functional thin film coating products. The company operates three core product lines: (1) MLCC - high-capacity ceramic capacitors for automotive, IT/mobile, industrial, and renewable energy applications with AEC-Q200 and IATF 16949 certifications; (2) Display products including LCD/OLED panel etching, slimming, and ITO/Back coating services; and (3) Glass/Film coating products spanning EMI filters, AR/AF coatings, deco glass, mirrors, and low-emissivity glass. Additionally, Avatec offers TGV (Through Glass Via) technology for semiconductor packaging applications. The company provides both industrial and automotive-grade products with comprehensive coating and etching capabilities using in-line sputtering, batch-type sputtering, and roll-to-roll systems.

Differentiator

Problem solved

Functional benefit

Brands

• AVACO: Related company mentioned in footer links

Products and services

• MLCC (Multi-Layer Ceramic Capacitors) High-capacity, ultra-compact advanced technology capacitors used in electrical control systems of automobiles, IT/mobile devices, renewable energy sectors, and industrial applications. Available in X7R and X5R configurations with sizes ranging from 0603 to 3216. Certified to AEC-Q200 and IATF 16949 for automotive applications.
• LCD Etching / ITO Coating Chemical etching technology applied to LCD display panels to achieve lightweight and thin form factors, combined with ITO (Indium Tin Oxide) coating for static electricity prevention. Slims LCD panels from 1.0mm to 0.3mm thickness.
• OLED Etching / Back Coating Panel slimming and back coating technology for OLED panels used in lightweight, thin displays such as iPads and mobile devices. Reduces OLED panel thickness from 0.5mm to less than 0.2mm with protective back coating.
• Automotive Display Glass Tempered cover glass for automotive displays including cluster covers, front lenses with dual-side AR coating, and TSP cover glass with AR&AF coating technology. Features chemical strengthening and functional sputter coating for enhanced durability.
• TGV (Through Glass Via) Through Glass Via technology for semiconductor packaging enabling electrical connections between layers of glass substrates. Features superior thermal conductivity, thin profile for MLCC embedding, high strength, and chemical resistance. Used in glass interposer manufacturing.
• Index Matching ITO Coating Low resistance ITO coating with optical transmission loss compensation using buffer layers of low/high refractive materials. Provides conductive film coating to prevent static electricity malfunction.
• AR & AF Coating Glass Anti-reflection (AR) coating for display screens reducing surface reflections and AF (anti-fingerprint) coating preventing pollutant adherence on glass or plastic surfaces.
• EMI Filter Glass Electromagnetic interference shielding filter with AG Thin Film technology for PDP panels. Provides electromagnetic wave shielding, diffused reflection prevention, and near-infrared ray shielding with diverse optical characteristics.
• Deco Glass Decorative color coating on glass and PMMA substrates using vacuum deposition technology combined with silk screen printing for design differentiation and appearance enhancement.
• High Reflective Mirror High reflectivity mirror (over 95%) composed of dielectric and metal layers providing high reflectivity and uniformity. Applied in OA components and optical components for copiers and scanners.
• Low Emissivity Glass Low-E glass with metal or metal oxide coating for energy saving by blocking infrared radiation in summer and preventing internal temperature outflow in winter.
• Half Mirror Glass Coating Mirror display coating technology using dielectric multi-layer coating that displays images when the panel operates and functions as a mirror when not operating.
• AR (Anti-Reflection) Film Anti-reflection coating film for flat display screens reducing reflected light for clearer visibility. Width up to 1300mm with ≥94% visible transmittance.
• Hard Coating Film Functional hard coating film for exterior and optical use with enhanced hardness. Available with AS (Anti-static), AR (Anti-reflection), AG (Anti-glare), AF (Anti-fingerprint) functions.
• IR-Cut Window Film Reflection film with sputter technology for high transmissivity and thermal insulation. Blocks infrared to prevent internal temperature rise in summer and save energy in winter.
• Oxide Coating On Film Multi-layer coating on film substrates (PET or bead treatment film) for optical characteristic adjustment, including AR coating, mirror coating, and ITO coating via roll-to-roll sputter system.

Quantifiable outcome

• Operating profit increased 324% year-over-year (9M 2024 vs 2023)
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• Gyeongsangbuk-do and Gumi CitycoreStrategic or Co-development Partner · 15 February 2024MOU signed for MLCC semiconductor component investment of 1,018 billion won with plan to create 240 jobs. This represents a major strategic partnership with local government for expansion of MLCC manufacturing capacity.
• AVATEC Electronics Yantai Co., Ltd.coreOthersWholly-owned subsidiary established in Yantai, China in December 2007 for manufacturing and sales operations in the Chinese market.

Scale indicators8 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Vishay Intertechnology: Vishay is a major American passive component manufacturer including MLCCs, resistors, and inductors. It competes with AVATEC in industrial, automotive, and high-reliability MLCC applications.
• Yageo Corporation: Yageo is a Taiwanese passive component manufacturer and the third-largest MLCC producer globally after Murata and Samsung Electro-Mechanics. It directly competes with AVATEC in commodity and high-end MLCC markets.
• Taiyo Yuden: Taiyo Yuden is a major Japanese MLCC manufacturer specializing in high-capacitance and miniaturized capacitors. It competes directly with AVATEC in mobile, automotive, and industrial MLCC markets.
• TDK Corporation: TDK is a major Japanese MLCC manufacturer with significant automotive and industrial market share. It is a direct competitor to AVATEC, with broad product portfolio and global manufacturing footprint.
• Samsung Electro-Mechanics: Samsung Electro-Mechanics is the largest Korean MLCC manufacturer and one of the global MLCC leaders. It is a direct competitor to AVATEC's MLCC business, with similar Korean customer base (LG Display, Samsung Electronics) and automotive MLCC exposure.
• Murata Manufacturing: Murata is the world's largest MLCC manufacturer by volume and revenue. It competes directly with AVATEC in automotive, mobile, and industrial MLCC markets, with significantly greater scale and product breadth.
• Nippon Chemi-Con: Nippon Chemi-Con is a major Japanese capacitor manufacturer with growing MLCC offerings. It competes with AVATEC in industrial and automotive capacitor markets as an Asian passive component peer.
• Walsin Technology: Walsin Technology is a Taiwanese MLCC manufacturer and part of the PSA (Passive System Alliance) with Yageo. It is a direct competitor to AVATEC in commodity and mid-range MLCC markets.
• Holy Stone Enterprise: Holy Stone Enterprise (HolyStone) is a Taiwanese MLCC manufacturer focusing on automotive and industrial applications. It is a direct competitor to AVATEC, particularly in automotive-grade MLCC markets.

Emerging players

• Corning: Corning is a major glass manufacturer developing glass interposer and TGV technology for semiconductor packaging. It is an emerging competitor to AVATEC's TGV business, with significantly greater R&D resources and global manufacturing footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 Avatec