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Explore the latest innovations and trends with compelling stories from ASICLAND NEWS


Press release


ASICLAND Announces Q1 2024 Financial Results... Triple-Digit Growth in Operating Profit

16 May 2024

ASICLAND Announces Q1 2024 Financial Results... Triple-Digit Growth in Operating Profit


▶ CEO and key executives to conduct overseas IR in Hong Kong and Singapore from the 12th to the 15th

▶ Meetings with major institutional investors, including the world's 6th largest sovereign wealth fund, GIC... Enhancing global market awareness


[2024-05-16] ASICLAND announced its Q1 2024 financial results through a public disclosure.


ASICLAND (445090, CEO Lee Jong-min), a leading company in ASIC (Application-Specific Integrated Circuit) design solutions, announced through its financial disclosure that it recorded a consolidated revenue of 21.66 billion won and an operating profit of 1.83 billion won for Q1 2024. This represents an increase of 1.79 billion won in revenue and 1.66 billion won in operating profit compared to the previous year.


The reasons for these results include increased orders due to strengthened capabilities in the AI technology business, with the AI business sector accounting for 45% of ASICLAND's total revenue. Recently, ASICLAND has signed multiple new contracts specializing in AI areas such as AI NPUs, AI accelerators, and advanced edge AI NPUs, thereby strengthening its leadership in the AI field. The proactive efforts to secure orders in the edge AI semiconductor market, which has significant potential demand, are expected to lead to continued revenue growth in the AI sector.


Additionally, ASICLAND aims to expand globally as the only TSMC VCA in Korea. As part of its global market expansion strategy, it has established a 'Design R&D Center' in Taiwan to secure advanced process technology and target the new Asian market. By securing development capabilities for processes below 3nm and advanced packaging design technology, ASICLAND expects to gain a strong advantage in semiconductor order competitions that require cutting-edge processes.


Through this, ASICLAND plans to enter the U.S., which accounts for about 60% of global fabless revenue, and secure new customers by leveraging superior price competitiveness and advanced process technology over existing TSMC partners.


Lee Jong-min, CEO of ASICLAND, stated, "We plan to continue our growth by scaling up through the commercialization of AI semiconductor development projects and expanding into global markets. We will further solidify our position as an industry-leading company through new technology development and market diversification."



Friendly, 
Flexible, Happy

ASICLAND strives for balanced growth, 
blending communication and happiness. 

Friendly, 
Flexible, Happy 

ASICLAND strives for balanced growth, blending 
communication and happiness.  






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