“We will further solidify our position as an industry leader through new technology development and market diversification.”
ASIC Land (445090), a leading application-specific semiconductor (ASIC) design solution company, announced on the 16th that it recorded 21.66 billion won in consolidated sales and 1.83 billion won in operating profit in the first quarter of this year through its performance disclosure.
This is an increase of 1.79 billion won and 1.66 billion won, respectively, compared to the same period last year.
The reason for the good performance is the increase in orders resulting from the strengthening of artificial intelligence (AI) technology business capabilities. The AI business division’s sales share is 45% of ASIC Land’s total sales.
ASICLAND has recently been strengthening its leadership in the AI field by signing a number of new contracts specializing in the AI field, including the development of AI NPU, AI accelerator, and edge-oriented AI NPU advanced development.
As such, continuous sales growth in the AI sector is expected to be achieved through active efforts to win orders for edge-oriented AI semiconductors, which have high market potential demand.
In addition, ASICLAND is aiming to enter the global market as Korea’s only TSMC VCA. As part of its global market expansion strategy, it has established a design R&D center in Taiwan to secure advanced process technology and to advance into the new Asian market.
In particular, by securing development capabilities below 3 nanometers (nm) and cutting-edge packaging design technology, it is expected to be a major advantage in the competition for semiconductor orders that require cutting-edge processes.
Through this, ASICLAND’s strategy is to enter the United States, which accounts for about 60% of global fabless sales, and secure new customers by leveraging its superior price competitiveness and advanced process technology compared to existing TSMC partners.
Lee Jong-min, CEO of ASICLAND, said, “We plan to continue to grow by focusing on scale-up and global market expansion through mass production of AI semiconductor development projects. We will further solidify our position as an industry leader through new technology development and market diversification.” reported.