KoAsia Officially Launches U.S. Corporation in Silicon Valley in June... Targeting the North American Market

[Asia Economy Reporter Hyungsoo Park] CoAsia is establishing a local corporation to target the US foundry market.

CoAsia announced on the 29th that it will establish CoAsia Semi US in Silicon Valley, California, USA, and officially launch it in June.

A company official explained, "Based on CoAsia's over 25 years of Greater China customer network, we are currently designing for mobile and home appliance specialized companies," and added, "We are preparing to expand new applications including artificial intelligence (AI)."

He continued, "We established the local corporation to actively expand applications and aggressively pursue the American market through sales activities for overseas expansion of the foundry business."

Through its subsidiary CoAsia Semi, CoAsia registered as a Design Solution Partner (SAFE DSP) of Samsung Electronics' foundry division on the 7th. SAFE is a system that supports design and verification so that Samsung foundry partners and customers can design products or utilize Samsung's intellectual property rights.

The company plans to participate in semiconductor design for global major customers by leveraging its in-house system-on-chip (SoC) design capabilities, 7-nanometer (nm) process design experience, and Samsung's advanced processes. CoAsia Semi is a dedicated DSP that uses only Samsung foundry, not an open DSP that uses multiple foundries. It plans to perfectly represent Samsung foundry technology and services to enhance trust with customers and support design by safely utilizing customer intellectual property (IP).

CoAsia can provide turnkey solutions beyond the general design house area of service projects, including order projects, expanded semiconductor packaging, and testing areas. The strategy is to expand its scope and increase sales by adopting the business model of Global Unichip (GUC), a Taiwanese semiconductor design company.

A company official said, "We are aggressively hiring engineers in Taiwan, Vietnam, and domestically, planning to increase the current engineering workforce of about 100 to 210 within the year," and added, "Based on a solid overseas network, we will be responsible for semiconductor design for various companies by targeting the American market."

This content was produced with the assistance of AI translation services.