SAMSUNG ELECTRO-MECHANICS

Samsung Electro-Mechanics held its 52nd General Shareholders’ Meeting on March 19 at 9:00 AM at the EL Tower in Yangjae-dong, Seoul. For the convenience of shareholders unable to attend in person, the company also provided an electronic voting system and live-streamed the meeting online.

At this shareholders’ meeting, all agenda items were approved as proposed, including the reporting matters, approval of financial statements, election of inside and outside directors, and approval of director remuneration limits. Regarding director appointments, Lee Yoonjung was re-elected as an outside director, while Chang Duckhyun, President and CEO of Samsung Electro-Mechanics, and Kim Sungjin, Executive Vice President of the Management Support Office, were re-elected as inside directors.

On this day, Samsung Electro-Mechanics created a platform for communication with shareholders, as CEO Chang Duckhyun personally delivered a presentation, providing a detailed explanation of the company’s management status and key strategic directions to the shareholders.

CEO Chang stated, “2024 was a challenging business environment where low growth became the new normal due to geopolitical uncertainties and economic instability.” He added, “Samsung Electro-Mechanics surpassed 10 trillion KRW in sales for the first time since its founding by restructuring its business around high-value-added products, expanding into AI/server and automotive electronics, and strengthening business fundamentals through improved internal efficiency.”

Furthermore, CEO Chang Duckhyun said, “While China previously focused on manufacturing and production, it is now transforming into a country of innovation, presenting various opportunities for Samsung Electro-Mechanics.” He pledged, “Samsung Electro-Mechanics will pursue growth exceeding market growth rates by building a business portfolio centered on high-value-added products.” The company announced its commitment to strengthening Operational Excellence through quality enhancement, productivity improvement, and cost structure optimization. Furthermore, it plans to transition its business portfolio toward high-growth and high-profit sectors such as AI, server, and automotive electronics, aiming to become the leading growth company in the global market.

CEO Chang highlighted automotive electronics and AI/server as key focus areas, stating, “In 2025, ADAS will serve as the growth driver for the automotive electronics market, while AI is expected to be led by big tech companies such as CSPs (Cloud Service Providers).” He added, “In particular, Samsung Electro-Mechanics will concentrate its capabilities on expanding the supply of our products such as MLCCs, package substrates, and silicon capacitors for AI applications.”

CEO Chang Duckhyun also announced, “Samsung Electro-Mechanics aims to achieve 2 trillion KRW in revenue from automotive electronics and AI/server products, which are future growth businesses, by 2025.” He stated, “We will strengthen the high-value-added product lineup in each of our core business divisions and pursue customer diversification to create a system for sustainable growth.”

Meanwhile, Samsung Electro-Mechanics is accelerating its new business initiative, the Mi-RAE Project. The Mi-RAE Project is an acronym derived from the first letters of Mobility industry, Robot, AI/Server, and Energy. Under this project, the company is developing △ small-sized all-solid-state batteries, △ silicon capacitors, △ hybrid lenses for automotive applications, △ glass substrates, △ solid oxide electrolysis cells (SOEC) and solid oxide fuel cells (SOFC), as well as △ humanoid robots.

Among these, the glass substrate is scheduled to have a pilot line established at the Sejong manufacturing site this year, with plans to showcase prototypes. CEO Chang Duckhyun stated, “Samsung Electro-Mechanics is collaborating with existing customers in AI and server sectors to develop core-focused glass substrates and glass interposers.”