Coasianexel Receives Love Calls from Major Domestic Institutions... "Attracts 3.9 Billion KRW Investment"

[Asia Economy Reporter Hyunseok Yoo] CoAsia Nexel announced on the 26th that it has secured an investment of 3.9 billion KRW from Cape Investment & Securities, Mirae Equity No.33 New Technology Business Investment Association, Ace Suseong New Technology Investment Association No.13, and Cornerstone Win-Win No.4 New Technology Association.

A CoAsia representative stated, “The company's high technological competitiveness was positively evaluated, enabling us to attract funds from major domestic institutional investors,” adding, “The raised funds will be used to respond to the increasing global demand for core chips (custom SoC) design and to strengthen system semiconductor design capabilities. We are also currently reviewing large-scale additional fundraising.”

He continued, “We plan to soon launch VPOC (tentative name, Virtual Prototype On Cloud), a web-based custom SoC design service platform,” and said, “Global customers will be able to design ARM CPU-based custom SoCs in a cloud environment at low cost and in a short time.” The CoAsia (045970) group is an AADP, the highest-grade official design partner of the UK-based ARM, and an official DSP of Samsung Electronics Foundry.

CoAsia Nexel, incorporated as a subsidiary of CoAsia on the 7th, is an official design service partner for Samsung Electronics’ Exynos Processor. It has also participated in the development of Samsung Electronics’ Exynos and automotive semiconductor 'Exynos Auto,' as well as the IoT platform 'ARTIK.' Samsung Electronics supplies Exynos Auto to Audi and others.

The CoAsia group’s strategy is to focus on strengthening CoAsia Nexel’s capabilities and to leap forward as a global system semiconductor design specialist company.

A CoAsia representative said, “This is a proactive investment attraction to respond to future global customers’ core chip design orders,” and added, “Based on competitiveness recognized in the global market, we will show meaningful results such as successfully securing a large number of turnkey orders.”

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