SurplusGLOBAL said the sale price in its first online auction run through its semiconductor equipment and parts trading platform SemiMarket rose 70 percent from previous levels. The company disclosed the results of the first Online Bidding auction on May 18. The auction targeted used back-end process equipment held by a global OSAT company, and drew more participants and higher prices than offline or limited network-based sales methods.

About 40 global buyers from major semiconductor markets, including South Korea, China, Taiwan, Singapore, Malaysia, the United States and Europe, took part in the auction. Competitive bidding took place based on SurplusGLOBAL's customer network built over 26 years, lifting the sale price by 70 percent. The company explained that the result shows online competitive bidding can translate into tangible deal outcomes even in legacy semiconductor equipment trading.

SemiMarket provides key information online, including images, manufacturer, model, specifications and deal terms for equipment up for bidding, and also supports on-site inspection. It reduced transaction risk by helping buyers decide based on accurate information, and it operates so that competitive bidding proceeds under the same conditions. It also accumulates data such as page views, items of interest and participation responses during the bidding period.

The accumulated data is used even after the bidding ends. The structure links to similar equipment proposals, follow-on sales and inventory clearance sales for buyers whose actual demand has been confirmed. The company cited as success factors its global network built over 26 years, buyer discovery through an AI-based recommendation engine, minimising purchase risk through detailed equipment information, and a transparent bidding structure.

SurplusGLOBAL aims for $20 million in online auction transactions this year based on the result. It plans to expand that to $50 million next year, and is currently preparing more than 10 online auctions for front-end and back-end semiconductor equipment and equipment parts.

Kim Jung-woong (김정웅), CEO of SurplusGLOBAL, said: "This online auction result showed that it can innovate the market for used semiconductor equipment and parts toward online-centered transactions." He added: "Global semiconductor companies are showing strong interest in online auction results, so securing customers is expected to proceed smoothly."