TSMC VCA ASICLAND Submits Securities Report…
Aiming for KOSDAQ Listing in November
▶ Providing total turnkey service based on a deep understanding of TSMC processes → The greatest beneficiary of TSMC's rapid growth
▶ Accelerating growth through the listing by leading in the AI semiconductor and autonomous driving markets and expanding into the U.S. market
<Lee Jong-min, CEO of ASICLAND>
<2023-09-18> ASICLAND, the only TSMC VCA in Korea, has initiated the IPO process for a KOSDAQ listing in November.
ASICLAND (CEO Lee Jong-min), a leading company in ASIC design solutions, announced on the 18th that it has submitted a securities report to the Financial Supervisory Service and is proceeding with the IPO for a KOSDAQ listing.
The total number of shares offered is 2,636,330, with a desired offering price band of 19,100 won to 21,400 won, resulting in a total offering amount of approximately 50.4 billion to 56.4 billion won. The final offering price will be determined through demand forecasting from October 23 to 27, followed by subscription on November 2 and 3, with the goal of listing on KOSDAQ within November. Samsung Securities is the lead underwriter.
ASICLAND is the only VCA in Korea for TSMC, the world's largest foundry. Major fabless companies worldwide, aiming for semiconductor development and mass production through TSMC’s advanced and legacy processes, are ASICLAND's key clients. With the acceleration of the Fourth Industrial Revolution and the increasing demand for cutting-edge future semiconductor markets such as AI semiconductors and autonomous driving, ASICLAND's order volume has significantly increased. Additionally, by securing advanced packaging solutions like CoWos, ASICLAND provides comprehensive design solutions to key customers in edge AI semiconductors, automotive, and 5G sectors. The proportion of AI semiconductor projects has recently reached 70%, and the proportion of automotive semiconductors has also significantly increased, positioning ASICLAND as a major beneficiary of the Fourth Industrial Revolution's growth.
A representative from Samsung Securities, the lead underwriter, emphasized, "As the growth of ultra-fast, high-density AI semiconductors like Chat GPT accelerates, the preference for TSMC foundries with extensive processes is increasing. ASICLAND, as Korea's only VCA, has significant potential to become a top design house globally through fierce competition with other TSMC VCAs like GUC and Alchip."
In fact, ASICLAND boasts unique technological competitiveness, including:
The world's first mass production of high-bandwidth 5G RF chips for base stations
The first commercialization of AI semiconductors in Korea
Possession of various front-end process references from TSMC
Based on the advancement of existing businesses, ASICLAND plans to drive continuous growth through co-growth with major global partners like TSMC and Arm, maximizing benefits from the acceleration of the Fourth Industrial Revolution, and full-scale entry into the massive U.S. fabless market.
CEO Lee Jong-min of ASICLAND expressed his ambition, stating, "Through this IPO, we will fully advance into the U.S. market, the home of global fabless companies, and grow into a top design house as the representative of TSMC VCA. We aim to drive rapid growth by expanding projects in response to the acceleration of the Fourth Industrial Revolution and equipping continuous growth engines like the IP business."
TSMC VCA ASICLAND Submits Securities Report…
Aiming for KOSDAQ Listing in November
▶ Providing total turnkey service based on a deep understanding of TSMC processes → The greatest beneficiary of TSMC's rapid growth
▶ Accelerating growth through the listing by leading in the AI semiconductor and autonomous driving markets and expanding into the U.S. market
<Lee Jong-min, CEO of ASICLAND>
<2023-09-18> ASICLAND, the only TSMC VCA in Korea, has initiated the IPO process for a KOSDAQ listing in November.
ASICLAND (CEO Lee Jong-min), a leading company in ASIC design solutions, announced on the 18th that it has submitted a securities report to the Financial Supervisory Service and is proceeding with the IPO for a KOSDAQ listing.
The total number of shares offered is 2,636,330, with a desired offering price band of 19,100 won to 21,400 won, resulting in a total offering amount of approximately 50.4 billion to 56.4 billion won. The final offering price will be determined through demand forecasting from October 23 to 27, followed by subscription on November 2 and 3, with the goal of listing on KOSDAQ within November. Samsung Securities is the lead underwriter.
ASICLAND is the only VCA in Korea for TSMC, the world's largest foundry. Major fabless companies worldwide, aiming for semiconductor development and mass production through TSMC’s advanced and legacy processes, are ASICLAND's key clients. With the acceleration of the Fourth Industrial Revolution and the increasing demand for cutting-edge future semiconductor markets such as AI semiconductors and autonomous driving, ASICLAND's order volume has significantly increased. Additionally, by securing advanced packaging solutions like CoWos, ASICLAND provides comprehensive design solutions to key customers in edge AI semiconductors, automotive, and 5G sectors. The proportion of AI semiconductor projects has recently reached 70%, and the proportion of automotive semiconductors has also significantly increased, positioning ASICLAND as a major beneficiary of the Fourth Industrial Revolution's growth.
A representative from Samsung Securities, the lead underwriter, emphasized, "As the growth of ultra-fast, high-density AI semiconductors like Chat GPT accelerates, the preference for TSMC foundries with extensive processes is increasing. ASICLAND, as Korea's only VCA, has significant potential to become a top design house globally through fierce competition with other TSMC VCAs like GUC and Alchip."
In fact, ASICLAND boasts unique technological competitiveness, including:
The world's first mass production of high-bandwidth 5G RF chips for base stations
The first commercialization of AI semiconductors in Korea
Possession of various front-end process references from TSMC
Based on the advancement of existing businesses, ASICLAND plans to drive continuous growth through co-growth with major global partners like TSMC and Arm, maximizing benefits from the acceleration of the Fourth Industrial Revolution, and full-scale entry into the massive U.S. fabless market.
CEO Lee Jong-min of ASICLAND expressed his ambition, stating, "Through this IPO, we will fully advance into the U.S. market, the home of global fabless companies, and grow into a top design house as the representative of TSMC VCA. We aim to drive rapid growth by expanding projects in response to the acceleration of the Fourth Industrial Revolution and equipping continuous growth engines like the IP business."