TSMC VCA Aegisland Submits Securities Report... Targets KOSDAQ Listing in November

ASIC Land, the only TSMC VCA in Korea, has initiated the IPO process for listing on the KOSDAQ in November.

ASIC Land (CEO Jongmin Lee), a leading company in ASIC (Application-Specific Integrated Circuit) design solutions, announced on the 18th that it has submitted a securities registration statement to the Financial Supervisory Service and is entering the initial public offering (IPO) process for listing on the KOSDAQ.

The total number of shares to be offered is 2,636,330, with a desired price band of 19,100 to 21,400 KRW per share, amounting to a total offering size of approximately 50.4 billion to 56.4 billion KRW. Demand forecasting will be conducted from October 23 to 27 to finalize the offering price, followed by subscription on November 2 and 3, aiming for a KOSDAQ listing within November. Samsung Securities is the lead underwriter.

ASIC Land is the only VCA of the world’s largest foundry, TSMC, in Korea.

ASIC Land’s major clients are leading global fabless companies aiming for semiconductor development and mass production through TSMC’s advanced and legacy processes. Recently, with the acceleration of the 4th Industrial Revolution, demand for cutting-edge future semiconductor markets such as AI semiconductors and autonomous driving has expanded, significantly increasing ASIC Land’s order volume. Additionally, by securing high value-added advanced packaging solutions such as CoWoS, ASIC Land provides design solutions comprehensively to key customers in edge-oriented AI semiconductors, automotive, and 5G sectors of the 4th Industrial Revolution. The proportion of AI semiconductor projects recently reached 70%, and the share of automotive semiconductors has also greatly increased, establishing ASIC Land as a major beneficiary of 4th Industrial Revolution growth.

A representative from Samsung Securities, the lead underwriter, stated, “As ultra-high-speed, high-integration AI semiconductors such as Chat GPT accelerate growth, preference for TSMC foundry with a wide range of processes is increasing. ASIC Land, as the only VCA in Korea, has great potential to become a world-class design house by competing head-to-head with global TSMC VCAs such as GUC and Alchip.”

In fact, ASIC Land possesses outstanding technological competitiveness, including ▲the world’s first mass production of high-band base station 5G RF chips ▲the first commercialization of AI semiconductors in Korea ▲and various front-end process references from TSMC. Moving forward, based on the advancement of existing businesses, ASIC Land plans to drive sustainable growth through co-growth with global major partners such as TSMC and Arm, maximizing benefits from the acceleration of the 4th Industrial Revolution, and full-scale entry into the huge fabless market in the United States.

Regarding this, CEO Jongmin Lee of ASIC Land said, “Through this IPO, we will accelerate our entry into the U.S. market, the home of global fabless companies, and grow into a global top design house as the leading TSMC VCA.” He added, “We will drive rapid growth by expanding projects related to the acceleration of the 4th Industrial Revolution and continuously equipping growth engines such as IP business.”

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