Hanmi Semiconductor is shutting down its Vietnam legal entity, a move that trims a small but strategic sales and support base even as the South Korean chip equipment maker posts record profits and continues to expand in the U.S.
Hanmi Semiconductor Shuts Vietnam Legal Entity
The liquidation of Hanmi Vietnam underscores how semiconductor suppliers are reworking overseas footprints to match demand, profitability and customer concentration. Hanmi Vietnam was set up in 2023 to strengthen sales in Southeast Asia and handle development, equipment sales, components and related materials, but it was not a chip plant and mainly served as a business and customer-support operation.
News1, citing Hanmi disclosures, said weak profitability was the main reason for the shutdown. The unit lost about 5 billion won in 2023, more than 5.2 billion won in 2024 and about 6.6 billion won in 2025, before swinging to a net profit of roughly 9.1 billion won in the first half of 2026 on revenue of about 761 million won.
The closure comes even as Hanmi opens a new representative office in Bac Ninh from April 16, suggesting Vietnam remains part of its regional map despite the legal entity being wound down. Hanmi has not detailed how the new office will fit into its post-liquidation structure.
For investors, the bigger read-through is that Hanmi is tightening lower-return markets while leaning into places tied to faster chip-capex growth. In August, it said it would invest about 13 billion won to establish Hanmi USA to support customers ramping semiconductor spending in the U.S., a market that has become increasingly important as governments push local capacity and supply-chain security.
That selective expansion is happening from a position of strength. Hanmi booked second-quarter 2026 revenue of about 475.8 billion won, up 39.5% from a year earlier, while operating profit rose 51% to about 246.9 billion won, a quarterly record. The company, known for equipment used in high-bandwidth memory packaging, now has a market value of about 418 trillion won, or roughly $16 billion.
Hanmi is also adjusting other Asian units. Its Singapore entity lost about 3.93 billion won in the first half of 2026, while Taiwan generated revenue of about 34.7 billion won and net income of roughly 8.3 billion won. Total revenue across Hanmi’s Asia operations fell 10.75% in the first half to about 549.4 billion won, showing the company is pruning and reallocating rather than simply expanding everywhere.
The key question now is whether the Vietnam shutdown is an isolated clean-up or part of a broader rationalization across Hanmi’s overseas sales network. Traders and shareholders will watch for further disclosures on regional staffing, customer coverage and capital deployment as the company balances surging demand in advanced packaging with uneven returns in smaller markets.
| Entity | Gains | Losses |
|---|---|---|
| Hanmi Semiconductor | ▲Higher margin focus | ▼Vietnam legal overhead |
| Hanmi USA | ▲New expansion | ▼Capital allocation pressure |
| Vietnam unit | ▲— | ▼Liquidation |
| Southeast Asia sales network | ▲Leaner structure | ▼Local presence |