[Click eStock] "Eoboseu Semiconductor, Thriving with the Launch of 'Galaxy Buds Live'"

Securing Industry-Leading Technology... Coverage Launch

[Asia Economy Reporter Jang Hyowon] Research Alom on the 7th expressed expectations that Above Semiconductor will continue to thrive with the launch of the 'Galaxy Buds Live,' presenting a target stock price of 15,800 KRW.

Above Semiconductor, established in 2006, is a fabless company specializing in MCU (Microcontroller Unit) and was listed on the KOSDAQ market in 2009. MCU is a core component embedded in at least one unit in all electronic products, a non-memory semiconductor that controls everything from simple operations such as time reservation alarms and temperature control to special functions.

The MCU market is divided into home appliances, mobile, automotive, and industrial sectors, with the global market size estimated at approximately 22 trillion KRW. Above Semiconductor focuses on home appliances, which account for about 20% of the total market. In particular, it supplies chips and sensors to global handset companies such as Samsung Electronics, Huawei, and Wingtech for their mobile phones and wireless earphones.

The main product, the SAR sensor, is an electromagnetic wave absorption prevention sensor that minimizes human exposure to electromagnetic waves. Above Semiconductor's SAR sensor meets the relevant standards and has secured industry-leading SAR technology, winning the Minister of Trade, Industry and Energy Award at the 2019 Korea Industrial Technology R&D Exhibition.

Researcher Choi Seonghwan of Research Alom stated, “The company's SAR sensor is installed as a component in Samsung Electronics' wireless earphone Galaxy Buds series,” adding, “Especially, the Galaxy Buds Live, released on August 5, sold 300,000 units within two weeks, showing strong performance and expected benefits.”

Researcher Choi also noted, “The growth of the subsidiary and the Chinese sales corporation is also remarkable. There was significant growth in the first half of this year compared to the same period last year,” explaining, “The main factor for performance improvement is the start of MCU and SAR supply to Huawei and Wingtech smartphones since the third quarter of last year.”

He forecasted, “Currently, the COVID-19 situation in China has entered a stable phase, and the domestic market is expected to be further stimulated in the second half of the year,” adding, “Accordingly, additional growth beyond expectations is anticipated in the second half of this year.”

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