The Only Domestic TSMC VCA 'ASIC Land' Receives Preliminary Approval for KOSDAQ Listing

ASICLand, the only TSMC VCA in Korea, has received preliminary approval for listing.

ASICLand (CEO Jongmin Lee), a leading company in ASIC (Application-Specific Integrated Circuit) design solutions, announced on the 1st that it has received preliminary approval for listing on KOSDAQ from the Korea Exchange. The lead underwriter is Samsung Securities.

Founded in 2016, ASICLand is a leading company in ASIC design services and system-on-chip development.

The company's core strengths include ▲a key partnership with the global No.1 TSMC ▲providing turnkey services based on deep understanding of TSMC processes and securing various references ▲building a unique SoC automation design platform ▲establishing a virtuous cycle of scale-up from development to mass production ▲being an official Arm Design Partner (ADP).

Just two years after its establishment, ASICLand was selected as an ADP (Approved Design Partner), an official partner of the global IP company Arm, and in 2019, three years later, it obtained the official partner status of VCA from TSMC, the world's No.1 foundry, which remains unique in Korea. Recently, due to the global semiconductor industry's demand for process miniaturization, high-performance semiconductors, and chiplet-compatible processes, ASICLand?with its high understanding of TSMC processes and top-level R&D competitiveness?has seen a significant increase in new project order backlog.

So far, ASICLand has provided turnkey solutions covering the entire semiconductor process from chip development to mass production, compared to typical backend-focused design houses, and has secured a clear competitive advantage with its unique in-house design capabilities such as SoC automation design platforms and AI-based backend solutions.

As a result, its business performance has set new records every year, achieving external growth. Sales grew approximately 55% from 42.2 billion KRW in 2021 to 65.6 billion KRW in 2022. As of September 2023, the order backlog stands at 110 billion KRW, indicating continued sales growth.

Jongmin Lee, CEO of ASICLand, stated, “After listing, we will pursue full-scale growth by entering the U.S. market, advancing our business, and strengthening global competitiveness to grow into a global system semiconductor company.”