"Enhancing business and entering to US market following KOSDAQ listing"

ASICLAND, an ASIC(Application-Specific Integrated Circuit) design solution company, is preparing an IPO(Initial Public Offering). ASICLAND is the only Korean VCA(Value Chain Alliance) of TSMC, the largest foundry company.

ASICLAND accelerates the growth with the first domestic AI semiconductor design, the world’s first 5G mobile base station semiconductor mass production, and other mass production lineups for main customers in the 4th revolutionary industry. It has also changed new sales records every year. The annual revenue reached 65.6 billion in 2022 with 55% of growth rate, compared with 42.2 billion won in 2021 and its operating profit also incredibly increased from 2.8 billion won to 10.9 billion won.

On the 18th, ASICLAND announced that it has submitted a preliminary examination request to the Korea Exchange, and has commenced the procedures for listing on the KOSDAQ market within this year. Samsung Securities has been appointed as the lead underwriter for the IP Established in 2016, ASICLAND is a leading company in ASIC design services and SoC(System on Chip) development, whose key strengths include a robust partnership with TSMC, providing turnkey services based on an in-depth understanding of TSMC’s process, and securing a wide range of references. It also has developed its own SoC automation design platform and has a proven track record of successful scale-up from development to volume manufacturing.

ASICLAND has been selected as an Approved Design Partner(ADP) of Arm, a global intellectual property(IP) company, shortly after its establishment and subsequently obtained the official partner status of TSMC VCA(Value Chain Alliance).

Design solution companies typically enter into one-way contracts with specific foundries, as they serve as a bridge between fabless(semiconductor design) companies and a foundry(semiconductor manufacturing) such as TSMC or Samsung Electronics. This is due to concerns about leakage of semiconductor IP security. ASICLAND is the only domestic TSMC design house. It has been reported that the balance of its new development orders has significantly increased recently, in response to the growing demands for global semiconductor process miniaturization, high-performance semiconductor chips, and chiplets. It is rumored that ASICLAND’s high understanding of TSMC’s processes and its global research and development (R&D) competitiveness have had a positive impact.

Jongmin Lee, ASICLAND’s CEO, emphasized “ We will diligently complete the IP schedule and finalize the KOSDAQ listing within this year. After the listing, we will accelerate our growth through business expansion, entry into the US market, and enforcement of global competitiveness.

Source: THE KOREA ECONOMIC DAILY (link)