'New Face' Standing Out: Open Edge Technology IPO in the Spotlight

[Asia Economy Reporter Park Soyeon] OpenEdge Technology (hereinafter OpenEdge), an AI semiconductor IP (intellectual property) design company, will enter the KOSDAQ market this month.

OpenEdge develops core functional blocks necessary for AI semiconductor chip design in advance and supplies them to fabless and other semiconductor chip design companies. In particular, it has uniquely developed the world's only 'AI semiconductor IP platform' that combines neural processing units (NPU) and memory system IP. It has currently signed more than 30 license agreements, including with global fabless companies.

Revenue consists of license fees for semiconductor IP supply and per-unit running royalties from mass production of customer semiconductor chips applying the IP. The funds raised from this offering will be used for R&D of high value-added products such as leading-edge process IP products including 5nm and 4nm, securing professional manpower, and expanding global bases.

With the global AI semiconductor market expected to grow at an average annual rate of 22% until 2025, the company is anticipated to maintain high performance growth. It possesses world-class manpower with over 20 years of experience at Samsung Electronics, SK, and Hynix.

The company is offering a total of 3,636,641 shares. The desired public offering price per share is KRW 15,000 to 18,000, with an expected offering amount of KRW 54.5 billion to 65.5 billion. General subscription will be accepted on the 15th and 16th. It is scheduled to be listed on the KOSDAQ market within this month. Samsung Securities is the lead underwriter.

Lee Seonghyun, CEO of OpenEdge, said, "We will leap forward as a global leading AI semiconductor IP design company in the rapidly growing AI semiconductor market and contribute to the development of the domestic system semiconductor industry."

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