[Jongmin Lee, CEO of ASICLAND]
ASICLAND, the Only Korean Partner Recognized by TSMC, Pursues IPO
ASICLAND, a custom semiconductor (ASIC) design solution company, is launching its initial public offering (IPO). ASICLAND is the only Korean member of the value chain partner program (VCA) for Taiwan's TSMC, the world’s leading foundry (semiconductor contract manufacturing).
On the 18th, ASICLAND announced that it had submitted a preliminary examination application for listing to the Korea Exchange and has begun the process for listing on the KOSDAQ market within the year. Samsung Securities is the lead underwriter for the IPO.
Founded in 2016, ASICLAND is a leading company in ASIC design services and system-on-chip (SoC) development. Its core strengths include:
- A key partnership with TSMC
- Providing turnkey services based on a deep understanding of TSMC processes and securing various references
- Establishing its own automated SoC design platform
- Scaling up from development to mass production
Within two years of its founding, the company was selected as an Approved Design Partner (ADP) by ARM, a global intellectual property (IP) company, and in 2019, it gained official VCA partner status with TSMC.
Design houses, which bridge fabless companies (specializing in semiconductor design) and foundries, typically enter into exclusive contracts with specific foundries like Samsung Electronics or TSMC due to concerns about semiconductor IP security leaks. ASICLAND is the only TSMC design house in Korea.
As the global semiconductor industry's demand for finer process technology and high-performance semiconductors increases, ASICLAND's order backlog for new projects has reportedly surged. Its high understanding of TSMC processes and global R&D competitiveness have also positively impacted its growth.
ASICLAND is accelerating its growth with achievements such as supporting the development of Korea's first AI semiconductor, the world's first mass production support for 5G semiconductors for base stations, and mass production product lineups for major customers in the fourth industrial revolution. The company has been breaking its revenue records each year. In 2021, the company’s revenue grew by about 55% from 42.2 billion KRW to 65.6 billion KRW in 2022, and its operating profit increased significantly from 2.8 billion KRW to 10.9 billion KRW.
Jongmin Lee, CEO of ASICLAND, emphasized, "We will diligently complete the IPO schedule and finalize the KOSDAQ listing within the year," and added, "After listing, we will accelerate our growth by entering the US market, enhancing our business, and strengthening our global competitiveness."
[Jongmin Lee, CEO of ASICLAND]
ASICLAND, the Only Korean Partner Recognized by TSMC, Pursues IPO
ASICLAND, a custom semiconductor (ASIC) design solution company, is launching its initial public offering (IPO). ASICLAND is the only Korean member of the value chain partner program (VCA) for Taiwan's TSMC, the world’s leading foundry (semiconductor contract manufacturing).
On the 18th, ASICLAND announced that it had submitted a preliminary examination application for listing to the Korea Exchange and has begun the process for listing on the KOSDAQ market within the year. Samsung Securities is the lead underwriter for the IPO.
Founded in 2016, ASICLAND is a leading company in ASIC design services and system-on-chip (SoC) development. Its core strengths include:
Within two years of its founding, the company was selected as an Approved Design Partner (ADP) by ARM, a global intellectual property (IP) company, and in 2019, it gained official VCA partner status with TSMC.
Design houses, which bridge fabless companies (specializing in semiconductor design) and foundries, typically enter into exclusive contracts with specific foundries like Samsung Electronics or TSMC due to concerns about semiconductor IP security leaks. ASICLAND is the only TSMC design house in Korea.
As the global semiconductor industry's demand for finer process technology and high-performance semiconductors increases, ASICLAND's order backlog for new projects has reportedly surged. Its high understanding of TSMC processes and global R&D competitiveness have also positively impacted its growth.
ASICLAND is accelerating its growth with achievements such as supporting the development of Korea's first AI semiconductor, the world's first mass production support for 5G semiconductors for base stations, and mass production product lineups for major customers in the fourth industrial revolution. The company has been breaking its revenue records each year. In 2021, the company’s revenue grew by about 55% from 42.2 billion KRW to 65.6 billion KRW in 2022, and its operating profit increased significantly from 2.8 billion KRW to 10.9 billion KRW.
Jongmin Lee, CEO of ASICLAND, emphasized, "We will diligently complete the IPO schedule and finalize the KOSDAQ listing within the year," and added, "After listing, we will accelerate our growth by entering the US market, enhancing our business, and strengthening our global competitiveness."