Atum Targets EV Electronics and AI Data Centers...Accelerates Business Restructuring with Articles of Incorporation Amendment

Atum Co., Ltd. (355690) announced on August 5 that it will accelerate the restructuring of its business portfolio by amending its articles of incorporation at an extraordinary general meeting of shareholders scheduled for August 19, expanding into electric vehicle (EV) electronic components and power solutions for artificial intelligence (AI) data centers.

The company plans to shift from its current mobile and TV component-focused business to a business structure centered on high value-added segments such as electric vehicles, eco-friendly mobility, and power supply units for servers and AI data centers.

The proposed amendments to the articles of incorporation will newly add business purposes, including Electronic components for EVs and eco-friendly mobility, vehicle power supply units, on-board chargers (OBC), integrated charging control units (ICCU), DC-DC converters, power supply units and power conversion/management devices for servers and data centers, as well as the manufacturing and sale of magnetic and power electronic components.

The company explained that this amendment is more than merely expanding its business purposes—it is intended to establish the foundation for full-scale mass production of EV electronic components and AI data center power solutions, both ongoing projects.

The company is also restructuring its production base. It is converting the existing production line of its Vietnamese subsidiary, ATUM VINA, into a dedicated automated production line for EV electronic components. In addition, through the acquisition of DST, a specialist in precision processing for electronics, Atum has secured advanced production technology and strengthened its global sales capabilities.

Atum plans to complete the establishment of dedicated automation equipment for EV production at its Vietnam factory and obtain mass-production approval from global tier-one partners by the second half of this year. From early 2027, the company aims to begin mass-producing high-margin EV magnetic components.

Improvements to the financial structure are also being carried out in parallel. The company is pursuing a debt-to-equity swap for its Vietnamese subsidiary to reduce its debt burden and aims to reach profitability quickly by increasing factory operating rates.

The company has also secured funding for new business investments. Atum raised the necessary capital for financial restructuring and business expansion through paid-in capital increases and the issuance of convertible bonds (CB). According to the company, CEO Han Taeksoo has demonstrated his commitment to responsible management by contributing personal funds and providing payment guarantees to help share the company's financial burden.

A company official stated, "Our top priority is to fundamentally improve our financial structure and transform our business to focus on EV electronic components and AI solutions. We will strive to minimize potential overhang risks, expand our investor base to include strategic and long-term institutional investors, and pursue both management stability and greater shareholder value."

The financial investment community also views the articles of incorporation amendment not simply as business expansion but as a signal of fundamental transformation for the company. An industry source commented, "Atum is leveraging its strengths in planar transformer technology to enter the high-growth sectors of EV electronics and AI data centers. As revenues from the new businesses become visible following the amendment, concerns over the financial burden are likely to ease, potentially leading to a revaluation of the company's value."

This amendment marks a strategic shift for Atum, as the company moves away from a mobile component-centric business to become an enterprise specializing in EV electronics and AI data center power solutions. By improving its production base and financial structure, Atum aims to secure long-term growth engines.

This content was produced with the assistance of AI translation services.