SurplusGLOBAL Appoints Stanley Choi as New CEO of Subsidiary EQ GLOBAL, Strengthening Global Semiconductor Competitiveness

PR Newswire

SEOUL, South Korea, Jan. 7, 2025

SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ -- SurplusGLOBAL, a leading platform company for semiconductor equipment and parts, announced on the 7th that Stanley Choi, former Vice President of SK Hynix Foundry, has been appointed as the new Chief Executive Officer (CEO) of its subsidiary, EQ GLOBAL.

Stanley Choi brings with him nearly 30 years of experience in the global semiconductor industry, having held leadership roles at LG Semiconductor, Dongbu Anam Semiconductor, SMIC (Semiconductor Manufacturing International Corporation), and SK Hynix Foundry. In particular, he has demonstrated his expertise in areas such as process integration, technology development, and product development engineering. With over 15 years of experience in strategic marketing, he has also excelled in business planning, technology roadmaps, and long-term growth strategies, leveraging his strong marketing and sales capabilities.

Global Strategy and Platform Business Expansion

SurplusGLOBAL expects the appointment to further strengthen EQ GLOBAL's expertise in semiconductor front-end and back-end repair solutions, while contributing to SurplusGLOBAL's global platform strategy for SemiMarket.

Bruce Kim, CEO of SurplusGLOBAL, stated, "Stanley Choi is a leader with extensive knowledge and expertise across the entire semiconductor industry. We believe his technical expertise and leadership will create significant synergies with SurplusGLOBAL's platform business, particularly our SemiMarket initiative." He further added, "EQ GLOBAL's semiconductor equipment and parts repair business will play a pivotal role in the service expansion of the online SemiMarket Parts Mall, which is set to launch in June this year."

Expanding Global Network to Enhance Competitiveness

EQ GLOBAL currently operates repair centers in Wuxi, China, and Singapore, with plans to establish additional repair facilities in the United States and Taiwan(China). This growing global network aligns with SurplusGLOBAL's broader global network strategy, laying the foundation for providing faster and more specialized solutions to customers at major global hubs.

Stanley Choi, the new CEO of EQ GLOBAL, expressed his vision: "EQ GLOBAL is striving to establish itself as a global leader in semiconductor front-end RF equipment (Generator, Matcher) and back-end tester repair solutions. We are committed to maintaining the highest equipment condition for our customers by leveraging our technological expertise and reliability. Moving forward, I will work closely with SurplusGLOBAL to deliver unparalleled solutions and value to our customers in the global semiconductor market."

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SOURCE SurplusGLOBAL, Inc.

/CONTACT: Rose Lee, marketing@surplusglobal.com

(END) Dow Jones Newswires

January 07, 2025 08:00 ET (13:00 GMT)