ASICLAND Reports Record Quarterly Revenue, Up 3.4x YoY Driven by AI and Memory Demand
▶ Record quarterly revenue achieved as AI and memory projects accelerate
▶ Profitability improves significantly, moving closer to break-even
▶ Global revenue surpasses KRW 10.6 billion, supported by Taiwan R&D expansion and growing overseas demand
*Generated using AI
[2026-05-15] ASIC design solution provider ASICLAND (KOSDAQ: 445090), led by CEO Jongmin Lee, announced on May 15 that it recorded consolidated revenue of KRW 54.0 billion (approximately USD 39 million) for the first quarter of 2026, marking the highest quarterly revenue in the company’s history.
Revenue increased approximately 3.4 times year-over-year, driven by growing demand for high-performance memory and storage controllers amid continued expansion of AI infrastructure and global data center investments.
■ Direct Beneficiary of Expanding AI Infrastructure and Memory Demand
The company stated that AI and memory-related projects accounted for approximately 72% of total development revenue during the quarter. Demand for advanced-node semiconductor projects, particularly those based on sub-7nm process technologies, continued to increase as hyperscale AI infrastructure investment accelerated across global markets.
ASICLAND noted that the growth in development revenue is expected to support future mass-production opportunities. Given the nature of the ASIC business model, projects that successfully complete the design phase typically transition into production stages, creating a positive cycle of revenue growth and profitability improvement.
■ Profitability Improves Significantly as Turnaround Momentum Builds
The company also reported meaningful improvement in profitability during the quarter. Operating loss narrowed to KRW 2.9 billion, improving significantly compared with the previous quarter, while operating margins moved substantially closer to break-even.
According to ASICLAND, the improvement reflects both the expansion of AI and memory-related development revenue and the increasing contribution from projects entering production phases. The company stated that operational efficiency and overall business fundamentals continued to strengthen during the quarter.
■ Global Revenue Surpasses KRW 10.6 Billion
ASICLAND’s global business expansion strategy also delivered visible results. Overseas revenue exceeded KRW 10.6 billion during the quarter, reaching a record level approximately one year after the establishment of the company’s Taiwan R&D center.
The company attributed the growth to increasing collaboration with global customers and expanding demand for advanced semiconductor design capabilities. Looking ahead, ASICLAND plans to further strengthen its position in AI, memory, and next-generation semiconductor markets through projects involving advanced-node design, memory controllers, chiplet architectures, and advanced packaging technologies such as CoWoS.
CEO Jongmin Lee stated, “Our first-quarter results reflect the continued expansion of AI and memory-focused projects alongside growing collaboration with global customers. We plan to further expand our engagement with global clients through advanced-node projects and increasing mass-production opportunities for memory controller solutions.”
ASICLAND Reports Record Quarterly Revenue, Up 3.4x YoY Driven by AI and Memory Demand
▶ Record quarterly revenue achieved as AI and memory projects accelerate
▶ Profitability improves significantly, moving closer to break-even
▶ Global revenue surpasses KRW 10.6 billion, supported by Taiwan R&D expansion and growing overseas demand
*Generated using AI
[2026-05-15] ASIC design solution provider ASICLAND (KOSDAQ: 445090), led by CEO Jongmin Lee, announced on May 15 that it recorded consolidated revenue of KRW 54.0 billion (approximately USD 39 million) for the first quarter of 2026, marking the highest quarterly revenue in the company’s history.
Revenue increased approximately 3.4 times year-over-year, driven by growing demand for high-performance memory and storage controllers amid continued expansion of AI infrastructure and global data center investments.
■ Direct Beneficiary of Expanding AI Infrastructure and Memory Demand
The company stated that AI and memory-related projects accounted for approximately 72% of total development revenue during the quarter. Demand for advanced-node semiconductor projects, particularly those based on sub-7nm process technologies, continued to increase as hyperscale AI infrastructure investment accelerated across global markets.
ASICLAND noted that the growth in development revenue is expected to support future mass-production opportunities. Given the nature of the ASIC business model, projects that successfully complete the design phase typically transition into production stages, creating a positive cycle of revenue growth and profitability improvement.
■ Profitability Improves Significantly as Turnaround Momentum Builds
The company also reported meaningful improvement in profitability during the quarter. Operating loss narrowed to KRW 2.9 billion, improving significantly compared with the previous quarter, while operating margins moved substantially closer to break-even.
According to ASICLAND, the improvement reflects both the expansion of AI and memory-related development revenue and the increasing contribution from projects entering production phases. The company stated that operational efficiency and overall business fundamentals continued to strengthen during the quarter.
■ Global Revenue Surpasses KRW 10.6 Billion
ASICLAND’s global business expansion strategy also delivered visible results. Overseas revenue exceeded KRW 10.6 billion during the quarter, reaching a record level approximately one year after the establishment of the company’s Taiwan R&D center.
The company attributed the growth to increasing collaboration with global customers and expanding demand for advanced semiconductor design capabilities. Looking ahead, ASICLAND plans to further strengthen its position in AI, memory, and next-generation semiconductor markets through projects involving advanced-node design, memory controllers, chiplet architectures, and advanced packaging technologies such as CoWoS.
CEO Jongmin Lee stated, “Our first-quarter results reflect the continued expansion of AI and memory-focused projects alongside growing collaboration with global customers. We plan to further expand our engagement with global clients through advanced-node projects and increasing mass-production opportunities for memory controller solutions.”