Justem said on Tuesday it posted second-quarter revenue of 28.7 billion won and an operating profit of 9.3 billion won, up 157 percent and 323 percent from a year earlier. Net profit rose 284 percent to 6.8 billion won. The company attributed the results to broader global supply of its semiconductor humidity-control solutions and expanded deliveries of its second-generation JFS solution, including to Micron.

Justem has secured 30 billion won in semiconductor policy funding from the Korea Development Bank to speed construction of a third plant and expand research and development investment, it said on May 18. The financing is a fiscal-linked fund that KDB provides for facility investment to strengthen semiconductor manufacturing capabilities. Justem said it obtained the funding at an ultra-low interest rate with a 10-year repayment term.