[Asia Economy Reporter Yoo Hyun-seok] CoreAsiaNexel, a system semiconductor RTL (Register Transfer Level) design specialist company, announced on the 3rd that it received an investment of 9.5 billion KRW from a system semiconductor specialized VC (venture capital). Following the investment in July last year, the total amount received is approximately 13.4 billion KRW, and interest from institutional investors continues steadily.
The investors this time are a fund formed by NBH Capital and Kosnet Technology Investment participating as co-general partners (Co-GP). CoreAsiaNexel's specialized vehicle semiconductor references and the explosive growth potential of future potential sales were highly evaluated.
A company official stated, "The funds will be used for purposes such as expanding personnel to meet the demand for core chips (custom SoC) from automakers," and added, "For the upcoming IPO, we shifted from initial large-scale fundraising to securing minimal capital investment."
Na Kyung-han, CEO of Kosnet Technology Investment, said, "We have been closely watching CoreAsiaNexel, which is at the center of the vehicle semiconductor market with very high market demand," and added, "Considering sustainable technology management capabilities, job creation in the system semiconductor industry, and contribution to the order-receiving industry comprehensively, we judged that CoreAsiaNexel's explosive growth is certain."
Go Seong-jae, director of NBH Capital, emphasized, "The CoreAsia group is the only domestic company possessing core chip (custom SoC) design capabilities and successful references that surpass the limitations of existing design houses," and added, "We expect that the successful references such as the current autonomous driving level 2 implementation project of a global electric vehicle maker and the premium in-vehicle infotainment (IVI) project will lead to significant sales growth in the future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
