CK Solution赢得SK hynix订单后瞄准5000亿韩元订单
CK Solution是一家专注于电池干燥室的企业，已成功拓展半导体和数据中心等新业务。在获得多个大型项目后，该公司正接近其目标。该公司赢得了SK hynix的订单，并瞄准5000亿韩元的订单规模。
原文深度解读
本文报道韩国电池干燥室专业企业CK Solution在获得SK hynix美国印第安纳州先进封装工厂项目后，累计订单目标指向5000亿至6000亿韩元。文章涉及CK Solution、SK hynix、三星电子、LG Energy Solution、三星SDI、SK On、Amkor Technology Korea、LG Uplus、韩华系统等主体，时间集中在2024年10月前后及2027至2029年的项目排期。关键数字包括：SK hynix印第安纳项目合同额1477亿韩元、今年已披露新增加扩建合同约3478亿韩元、去年披露订单1013亿韩元、今年累计订单目标5000亿至6000亿韩元、去年累计订单约2600亿韩元、第二季度营收850亿韩元、营业利润6亿韩元、订单积压2533亿韩元。与电子元器件供应链的关系在于：CK Solution为半导体工厂提供生产设备安装前所需的制造基础设施，其订单增长直接反映SK hynix HBM与先进封装产能建设节奏，并间接关联三星电子P5、Amkor韩国松岛工厂等半导体后端产能扩张。
- CK Solution今年披露的新增和扩建大型项目合同总额约3478亿韩元，是去年披露订单1013亿韩元的三倍以上，原文将这一大幅增长归因于SK hynix。
- SK hynix印第安纳项目合同额1477亿韩元，占CK Solution今年已披露合同的40%以上，约相当于其去年年营收2910亿韩元的一半，也是该公司与SK hynix的首次交易。
- CK Solution官方表示，若计入未披露合同，今年累计订单预计达到5000亿至6000亿韩元，约为去年约2600亿韩元的两倍。
- SK hynix印第安纳工厂于8月开工，CK Solution负责在半导体生产设备安装前建设制造基础设施，合同期至2028年10月；该工厂约47万平方米，将包含HBM生产线和先进封装研发测试平台，SK hynix计划自2029年下半年起向美国客户供应在本地封装和测试的下一代HBM。
- CK Solution传统主业为电池干燥室，并为LG Energy Solution、三星SDI、SK On在韩国及海外电池厂建设制造基础设施；今年还获得LG Energy Solution美国密歇根工厂354亿韩元合同、三星SDI匈牙利工厂293亿韩元合同，以及三星SDI与Stellantis美国合资公司StarPlus Energy的724亿韩元订单。
- 在半导体和数据中心领域，CK Solution于7月获得三星电子平泽P5一期收尾工程约309亿韩元合同，2月获得Amkor Technology Korea松岛工厂扩建123亿韩元合同，10月1日披露LG Uplus坡州数据中心建设230亿韩元合同；第二季度营收850亿韩元，同比增长45.2%，营业利润6亿韩元，较上年同期94亿韩元营业亏损扭亏，订单积压2533亿韩元。
供应链影响
- CK Solution订单积压和2027至2028年收入确认排期，可能反映SK hynix印第安纳HBM与先进封装项目、三星电子P5以及Amkor韩国松岛工厂等半导体产能建设正在推进，但实际设备安装和量产节奏仍取决于各项目进度。
- SK hynix计划2029年下半年起在美国本地封装和测试下一代HBM并供应美国客户，可能意味着HBM供应链的区域化布局增强，但具体产能规模和客户结构取决于后续投资与建设进展。
- CK Solution从电池干燥室扩展至半导体、数据中心和国防，可能使其客户集中度从电池厂商向半导体与数据中心运营商分散，但订单兑现仍取决于未披露合同能否落地及项目执行情况。
- 三星电子P5后续阶段、龙仁半导体集群等潜在项目若被CK Solution参与，可能带动半导体厂房基础设施相关需求，但原文仅称公司计划扩大参与，尚未形成确定合同。
- 数据中心项目如LG Uplus坡州项目合同额因工程范围扩大而增加，可能表明数据中心基础设施建设需求存在扩张，但该影响是否持续取决于后续项目签约与施工进度。
系统解读，仅作为判断线索，不构成备货、出货、涨价或投资建议。
CK Solution位于京畿道龙仁市器兴区的总部。（照片：CK Solution）
CK Solution是一家专注于电池干燥室的企业，已成功拓展至包括半导体和数据中心在内的新业务。随着多个大型项目落地，该公司正接近其今年累计订单5000亿至6000亿韩元的目标。它还通过为SK hynix位于美国印第安纳州的先进封装工厂项目，开始了与该芯片制造商的首次业务合作。仅该合同就价值1477亿韩元，相当于其年度目标的约30%。
据行业消息人士10月2日称，CK Solution今年披露的重大项目新增和扩建合同价值总计约3478亿韩元。这比去年披露的1013亿韩元订单高出三倍多。这一大幅增长由SK hynix推动。CK Solution于9月赢得与SK hynix印第安纳工厂相关的建设项目。该合同价值1477亿韩元，占该公司今年披露合同的40%以上。它相当于去年年营收2910亿韩元的一半左右。
CK Solution的一位官员表示：“这是我们与SK hynix的首次交易。”他补充说：“包括未披露合同在内，我们预计今年累计订单将达到5000亿至6000亿韩元，约为去年约2600亿韩元的两倍。”
SK hynix于8月开始在印第安纳州西拉斐特建设其工厂。CK Solution负责建设印第安纳工厂在安装半导体生产设备之前所需的制造基础设施。合同期至2028年10月。
印第安纳工厂是SK hynix在美国的首个人工智能（AI）存储器生产基地。该厂址约47万平方米，将容纳一条高带宽存储器（HBM）生产线和一个先进封装研发（R&D）测试平台。SK hynix计划从2029年下半年开始，向美国客户供应在本地封装和测试的下一代HBM。
CK Solution主要通过其电池干燥室业务成长。干燥室是一种维持超低湿度环境的设施，露点为摄氏零下40度或更低，用于处理对湿气敏感的锂材料。CK Solution还拥有日本Nichias制造的除湿转子的韩国独家分销权。
该公司为韩国三大电池制造商——LG Energy Solution、三星SDI和SK On——在韩国及海外的电池工厂建设了制造基础设施。今年，它赢得了LG Energy Solution美国密歇根工厂354亿韩元的合同，以及三星SDI匈牙利工厂293亿韩元的合同。它还新增了来自StarPlus Energy的724亿韩元订单，后者是三星SDI与Stellantis在美国的合资公司。
CK Solution最近已将其业务从电池扩展到半导体、数据中心和国防。随着今年半导体和数据中心大型项目接连落地，其客户基础也已多元化。
在半导体领域，CK Solution于7月赢得了一份价值约309亿韩元的合同，用于三星电子平泽P5设施的一期收尾工程。2月，它获得了一份123亿韩元的合同，用于扩建半导体后端服务公司Amkor Technology Korea的松岛工厂。该公司计划从P5一期开始，扩大参与三星电子后续项目，包括P5二期至四期。它还计划瞄准新的生产设施，包括龙仁半导体集群。
在数据中心领域，CK Solution已获得LG Uplus和韩华系统作为客户。10月1日，CK Solution披露了一份230亿韩元的合同，用于建设LG Uplus坡州数据中心。该数据中心项目于去年11月根据当时签署的合同启动。随着工程范围扩大，合同价值增至230亿韩元，从而触发披露义务。CK Solution正与Xi C&A共同执行坡州数据中心建设，项目持续至2027年7月。
CK Solution今年第二季度营收为850亿韩元，较上年同期的585亿韩元增长45.2%。营业利润达到6亿韩元，在去年同期录得94亿韩元营业亏损后恢复盈利。该公司已确认的三星电子、SK hynix和数据中心项目预计将在2027年和2028年依次转化为收入，预示着盈利将大幅增长。截至第二季度末，其订单积压为2533亿韩元。
CK Solution's headquarters in Giheung-gu, Yongin, Gyeonggi-do. (Photo: CK Solution)
CK Solution, a specialist in battery dry rooms, has successfully expanded into new businesses including semiconductors and data centers. With several large projects secured, the company is nearing its target of 500 billion to 600 billion won in cumulative orders this year. It also began its first business with SK hynix through a project for the chipmaker's advanced packaging plant in Indiana, United States. The contract alone is worth 147.7 billion won, equivalent to about 30% of its annual target.
According to industry sources on Oct. 2, the value of new and expanded contracts for major projects disclosed by CK Solution this year totaled about 347.8 billion won. That is more than three times the 101.3 billion won in orders disclosed last year. The sharp increase was driven by SK hynix. CK Solution won a construction project related to SK hynix's Indiana fab in September. The contract is worth 147.7 billion won, accounting for more than 40% of the contracts disclosed by the company this year. It is equivalent to about half of last year's annual revenue of 291 billion won.
An official at CK Solution said, "This is our first transaction with SK hynix," adding, "Including undisclosed contracts, we expect cumulative orders this year to reach between 500 billion won and 600 billion won, about twice last year's roughly 260 billion won."
SK hynix began construction of its fab in West Lafayette, Indiana, in August. CK Solution is responsible for building the manufacturing infrastructure needed before semiconductor production equipment is installed at the Indiana fab. The contract runs through October 2028.
The Indiana fab is SK hynix's first artificial intelligence (AI) memory production base in the United States. The approximately 470,000-square-meter site will house a high-bandwidth memory (HBM) production line and an advanced packaging research and development (R&D) testbed. SK hynix plans to supply next-generation HBM, packaged and tested locally, to US customers beginning in the second half of 2029.
CK Solution has grown primarily through its battery dry-room business. A dry room is a facility that maintains an ultra-low-humidity environment, with a dew point of minus 40 degrees Celsius or lower, for handling moisture-sensitive lithium materials. CK Solution also holds exclusive domestic distribution rights for dehumidifying rotors made by Japan's Nichias.
The company has built manufacturing infrastructure at battery plants in South Korea and overseas for the country's three major battery makers — LG Energy Solution, Samsung SDI, and SK On. This year, it won a 35.4 billion-won contract at LG Energy Solution's Michigan plant in the US and a 29.3 billion-won contract at Samsung SDI's plant in Hungary. It also added a 72.4 billion-won order from StarPlus Energy, the US joint venture between Samsung SDI and Stellantis.
CK Solution has recently expanded its business beyond batteries into semiconductors, data centers, and defense. Its customer base has also diversified as large projects in semiconductors and data centers have followed one another this year.
In semiconductors, CK Solution won a contract worth about 30.9 billion won in July for Phase 1 finishing work at Samsung Electronics' P5 facility in Pyeongtaek. In February, it secured a 12.3 billion-won contract to expand the Songdo plant of Amkor Technology Korea, a semiconductor backend-services company. The company plans to expand its participation in subsequent Samsung Electronics projects, including P5 Phases 2 through 4, starting with P5 Phase 1. It also plans to target new production facilities, including the Yongin semiconductor cluster.
In data centers, CK Solution has secured LG Uplus and Hanwha Systems as customers. On Oct. 1, CK Solution disclosed a 23 billion-won contract for the construction of LG Uplus's Paju data center. The data center project began last November under a contract signed at the time. As the scope of the construction expanded, the contract value increased to 23 billion won, making it subject to disclosure. CK Solution is carrying out the Paju data center construction with Xi C&A through July 2027.
CK Solution's second-quarter revenue this year was 85 billion won, up 45.2% from 58.5 billion won a year earlier. Operating profit reached 600 million won, marking a return to the black after a 9.4 billion-won operating loss in the year-earlier period. The company's confirmed Samsung Electronics, SK hynix, and data center projects are scheduled to translate into revenue sequentially in 2027 and 2028, pointing to a sharp increase in earnings. Its order backlog stood at 253.3 billion won at the end of the second quarter.