Semifive, with Mirae Asset Venture Investment as Second-Largest Shareholder, Receives Preliminary Approval for KOSDAQ Listing

Semifive, led by CEO Cho Myunghyun, announced on October 1 that it has received preliminary approval from the Korea Exchange for its listing on KOSDAQ.

To date, Semifive has attracted 240 billion won in investments from Pavilion Capital, a subsidiary of Singapore’s sovereign wealth fund Temasek, as well as from Mirae Asset Venture Investment, Korea Investment Partners, and Korea Development Bank. On a consolidated basis, last year’s sales reached 111.8 billion won, with an operating loss of 22.9 billion won. Sales increased by 57% compared to the previous year, while the deficit was reduced by approximately 10 billion won. The lead underwriters for the listing are Samsung Securities and UBS.

Semifive is a company that designs customized AI semiconductors quickly and efficiently through a platform-based design approach. This platform-based method allows Semifive to provide a one-stop, end-to-end solution covering circuit design, manufacturing, verification, and mass production, even if the client lacks semiconductor expertise or technical capabilities, as long as they have specific requirements for the semiconductor.

With this preliminary listing approval, Semifive is expected to become the first AI industry company invested in by Mirae Asset Venture Investment to go public. Mirae Asset Venture Investment first invested in Semifive in 2019 at a valuation of 23.5 billion won and has since invested a total of 36.3 billion won, making it the second-largest shareholder. Semifive’s listing is anticipated to value the company between 1 trillion and 2 trillion won, raising expectations for a significant investment return.

In particular, following Semifive’s listing, other major AI-related companies are also expected to go public. Moloco, an AI advertising solution company in which Mirae Asset Venture Investment has invested 72.3 billion won, is currently preparing for a Nasdaq listing next year, with its corporate value estimated between 5 trillion and 10 trillion won.

Additionally, Rebellions, an AI semiconductor company that has received 7 billion won in investments since 2022, recently secured a 340 billion won Series C investment, resulting in a corporate valuation of 1.9 trillion won.

Meanwhile, since 2018, Mirae Asset Venture Investment has been actively investing in the AI sector, with investments in 57 companies totaling 257.9 billion won within the AI industry. These investments span a wide range of the AI value chain, including AI semiconductor design firms, AI inference accelerator chip developers, companies developing intelligent memory solutions based on Compute Express Link (CXL), AI language model developers, and AI application companies.

In April, Korea Development Bank selected Mirae Asset Venture Investment as a delegated manager to foster the AI ecosystem. As a result, the 122 billion won ‘Mirae Asset AI Frontier Investment Partnership’ fund was established, and Mirae Asset Venture Investment’s investments in the AI industry value chain are expected to accelerate further.

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