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Seoul, South KoreaMay 19, 2026 /PRNewswire/ — SurplusGLOBAL announced that its first online bidding held through its semiconductor equipment and parts trading platform SemiMarket (www.SemiMarket.com) has achieved significant results.
SurplusGLOBAL’s SemiMarket Attracts More Than 40 Global Buyers in First Online Semiconductor Equipment Auction, Driving 70% Higher Selling Prices
This online bidding targeted used back-end semiconductor equipment held by a global OSAT company. Compared to previous offline or limited network-based sales methods, this bidding attracted more global buyers, and the equipment selling prices increased by approximately 70% from the original baseline. The company stated that this result demonstrates that even in the traditional mature-node semiconductor equipment trading market, a competitive bidding mechanism based on an online platform can deliver tangible transaction outcomes.
This bidding saw participation from over 40 global buyers from major semiconductor markets, including South Korea, Mainland China, Taiwan, Singapore, Malaysia, the United States, and Europe. Leveraging SurplusGLOBAL’s global customer network built over the past 26 years, the bidding process fostered sufficient competition, ultimately driving a price increase of approximately 70%.
SurplusGLOBAL believes that the key to the success of this bidding lies in the precise identification of global buyers, the full disclosure of equipment information in advance, and the transparent competitive bidding mechanism. SemiMarket provides core information online, including equipment images, manufacturer, model, specifications, and transaction conditions, and supports on-site inspections, enabling buyers to evaluate procurement feasibility based on more accurate information. Through this process, the platform effectively reduces procurement risks during transactions and promotes competitive bidding under uniform conditions, thereby achieving price discovery based on global market demand.
The company explained that the reasons for the success of SemiMarket’s first Online Bidding include: leveraging a global network built on 26 years of industry experience, using an AI recommendation engine to identify potential global buyers, reducing buyer procurement risks by providing detailed information on used equipment and parts, and increasing selling prices through a transparent bidding process and buyer competition. SemiMarket standardizes and displays information such as the manufacturer, model, specifications, images, and transaction conditions of the bidding equipment, and continuously accumulates behavioral data such as views, saved items, and participation reactions during the bidding period. After the bidding concludes, the platform can recommend similar equipment to relevant buyers based on verified actual demand, connecting subsequent sales opportunities and facilitating transactions such as inventory clearance sales.
Based on these results, SurplusGLOBAL plans to achieve $20 million in Online Bidding transactions this year and expand to $50 million next year. Currently, the company is preparing approximately 10 Online Bidding projects, covering categories such as front-end semiconductor equipment, back-end equipment, and semiconductor equipment parts.
Kim Jungwoong, CEO of SurplusGLOBAL, stated: “The results of this online bidding demonstrate the potential for transformation and innovation in the used semiconductor equipment and parts market towards an online transaction model.” He added: “Global semiconductor companies have shown high interest in the outcomes of Online Bidding, so we expect customer expansion to proceed smoothly.”
Additionally, SemiMarket currently provides not only information on equipment currently circulating in the market but also covers equipment that may enter the market in the future. The platform selects reliable information with high tradability in the actual market and has registered semiconductor equipment and parts worth approximately $1 billion (USD 1B) in sales price benchmarks. Users can view over 2,000 semiconductor equipment units and more than 200,000 parts. SemiMarket has achieved 4x growth over the past six months and plans to sequentially launch innovative services not previously well-provided in the semiconductor equipment and parts market by the end of this year, such as the RFQ Marketplace (Request for Quotation transaction model) and the Easy Seller Kit (seller-friendly sales toolkit).