KoAsia, Ministry of SMEs and Startups... "Announcement of Support Measures for ARM and Startups"

[Asia Economy Reporter Hyunseok Yoo] System semiconductor design solution company KoAsia announced on the 23rd that it participated in the ‘ARM IP (Intellectual Property) Utilization Company On-site Visit and Meeting’ hosted by Park Young-sun, Minister of SMEs and Startups, held at the headquarters of semiconductor startup Fadu, and presented support plans for startups.

The meeting consisted of a tour of major research facilities, presentations on the achievements and future plans of ARM-supported companies, and KoAsia’s startup support plans. Participants included Park Young-sun, Minister of SMEs and Startups; Cha Jeong-hoon, Director of the Startup Venture Innovation Office at the Ministry of SMEs and Startups; Lee Hee-joon, Chairman of KoAsia Group; and Hwang Seon-wook, Head of ARM Korea.

Lee Hee-joon, Chairman of KoAsia Group, stated, “Among startups using ARM’s IP, many have high technological competitiveness but face difficulties progressing beyond the development stage due to low foundry accessibility. KoAsia plans to support startups by leveraging verified services and opportunities to discover overseas customers through its status as Samsung Electronics SAFE DSP (Design Solution Partner).”

He added, “Based on a global customer network built over more than 25 years, we will also provide support in local sales, marketing operations, and technology. By supporting investment and incubation for outstanding startups, we aim to contribute to the leap toward becoming a global semiconductor powerhouse.”

At the event, support plans from related organizations were shared, and all attendees participated in an open discussion session. The strategy is to explore cooperation methods such as customized services tailored to each startup company.

A company official said, “Starting with this event, we will establish various win-win plans with startups possessing high technological capabilities and build continuous cooperative relationships.”

Meanwhile, KoAsia was selected as an official Samsung Electronics SAFE DSP (Design Solution Partner) and ARM’s ADP (highest grade design partner) in the first half of this year and is currently conducting system semiconductor projects with numerous global companies. With a global hub strategy including Korea, the United States, Europe, Taiwan, China, and Vietnam, it supports excellent talent and global customers. In particular, through its listed affiliate KoAsia Electronics on the Taiwan Stock Exchange, it is expanding overseas customer discovery and business growth for its affiliates.

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