South Korea s Hanwha Aerospace announced plans to spin off its semiconductor equipment and video surveillance businesses to focus on its defense division. The spin-off will separate chip equipment maker Hanwha Precision Machinery and surveillance camera maker Hanwha Vision into a new industrial solutions company. The move aims to enhance the valuation of its high-growth chip equipment business and streamline its defense-focused strategy. Hanwha Aerospace s market capitalization is expected to benefit from the spin-off, aligning with Hanwha Group s efforts to streamline its defense business.
Hanwha Aerospace, the defense arm of South Korea’s seventh-largest conglomerate Hanwha Group, said Friday it will segregate its non-military businesses into a newly established corporation, aiming to focus on its defense business operations. According to Hanwha Aerospace’s announcement Friday, Hanwha Aerospace will spin off a new entity, tentatively named Hanwha Industrial Solutions. This new corporation .
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AI will be prominent throughout the Hanwha Vision booth, with many new and existing products now incorporating AI technology to boost their performance.