MiCo Ceramics acquires idle LGD plant for KRW150 billion to boost semiconductor component capacity

South Korean semiconductor equipment component maker MiCo Ceramics is set to acquire an idle facility in Gumi, North Gyeongsang Province, from LG Display (LGD) for KRW150 billion (approx. US$113.2 million). The acquisition of the land and buildings will allow MiCo Ceramics to expand production capacity for key products, including ceramic heaters and electrostatic chucks (ESCs). The deal highlights a broader trend across the tech sector, as real estate assets shed during display industry downsizing are repurposed for the semiconductor supply chain.