[IPO] Jaram Technology "Leap to a Global 5G Communication Semiconductor Company"

On the 2nd, Baek Jun-hyun, CEO of Jaram Technology, held an IPO press conference at the Federation of Korean Industries building in Yeouido, Seoul, introducing the company. / Photo by Jaram Technology

[Asia Economy Reporter Jang Hyowon] Communication semiconductor design company Jaram Technology is knocking on the door of KOSDAQ. Jaram Technology plans to use the funds raised through the listing for research and development and facility expansion.

On the 2nd, Baek Junhyun, CEO of Jaram Technology, held an IPO press conference at the Federation of Korean Industries building in Yeouido, Seoul, and revealed the growth strategy and aspirations after the listing.

Jaram Technology, established in January 2000, is a system semiconductor design specialist company. It has been conducting business by supplying ▲optical transceivers, communication equipment that converts optical signals and electrical signals ▲Gigawire, equipment that enables ultra-high-speed data transmission through telephone lines and coaxial cables ▲semiconductor chips for Hi-Pass terminals, and semiconductor chips for communication equipment of PABX (Private Automatic Branch Exchange).

Jaram Technology is the first in Korea to develop and commercialize 5G communication semiconductors (XGSPON SoC) and is the world’s first company to develop the optical component-integrated PON stick (XGSPON stick), a core product essential for 5G base station connections. The optical component-integrated PON stick (XGSPON stick) is currently the only product in the world that meets the international standard power consumption specifications and has succeeded in the world’s first commercialization through Rakuten, a Japanese 5G operator.

The optical component-integrated PON stick (XGSPON stick) was recognized for its potential to capture more than 5% of the global market share in the future and was selected as a ‘Next-Generation World-Class Product’ by the Ministry of Trade, Industry and Energy in November this year.

As various 4th industrial convergence services based on 5G ultra-high-speed communication networks such as the Internet of Things (IoT), autonomous driving, remote medical care, smart factories, and smart cities are realized in the future, the importance of PON (Point to Multi-point), a one-to-many communication technology for efficient use of optical cables, is being highlighted.

Accordingly, the demand for next-generation communication semiconductors capable of implementing PON technology is expected to continue to increase, and the company explains that the growth potential of its main products, XGSPON chips and XGSPON sticks, will be significant.

The company has been recognized for its excellent quality and high-level technology and currently has a stable sales structure based on a network of customers from various countries including North and South America, Europe, Asia, and Oceania. As 5G investments begin in major countries and around the world, sales growth based on various sales channels will be possible.

Baek Junhyun, CEO of Jaram Technology, said, “This KOSDAQ listing will be an opportunity for Jaram Technology to establish itself as a next-generation communication semiconductor specialist company leading the global communication market with Korean technology,” adding, “Jaram Technology will strive for continuous research and next-generation product development to leap forward as a system semiconductor next-generation leading company contributing to innovation in the 4th industrial era.”

Meanwhile, the total number of shares offered by Jaram Technology is 1 million, with a public offering price band of 18,000 to 22,000 KRW. The expected public offering amount is approximately 18 billion to 22 billion KRW. The lead underwriter is Shin Young Securities.