Jaram Technology Reports 6 Billion KRW in Q1 Sales, Up 441% Year-on-Year

Next-generation system semiconductor design specialist company Jaram Technology (CEO Junhyun Baek) announced its first-quarter business performance for this year through a public disclosure on the 14th.

According to the performance disclosed by Jaram Technology, sales in the first quarter of this year amounted to 5.96 billion KRW, a 441% increase compared to 1.1 billion KRW in the same period last year. Operating profit for the same period was 550 million KRW, and net profit was 1.27 billion KRW, successfully turning to a profit.

The background of this strong performance can be attributed to the full-scale revenue recognition of the "XGSPON application-specific integrated circuit (ASIC) design and supply contract" signed last October with a major European telecommunications equipment company, Company A. This contract involves Jaram Technology developing and supplying semiconductor chips applying XGSPON technology that supports transmission speeds of 10Gbps to Company A. From 2025, when development is expected to be completed, chip commercialization will be in full swing, and higher growth is anticipated.

A representative of Jaram Technology stated, "Although performance temporarily slowed due to last year's industry downturn and contract delays, from this year, volume growth is expected due to improvements in the telecommunications and semiconductor industries and various development supplies."

In fact, last year the system semiconductor market experienced a temporary slump due to a slowdown in demand for IT (Information Technology) devices and a decline in semiconductor prices. However, from this year, benefits are expected due to increased demand and expanded application scope in IT front industries including artificial intelligence (AI), automobiles, and the Internet of Things (IoT). In particular, since system semiconductors are considered to have core competitiveness in processor (CPU) design and utilization capabilities for handling complex functions, market interest in Jaram Technology is increasing day by day. To respond to this, the company is also promoting technological advancement through various government projects and research and development.

Junhyun Baek, CEO of Jaram Technology, said, "The company is focusing on developing high-performance, low-power system semiconductor technology to respond to the AI market, which is the key topic of future growth industries," adding, "Through the technology the company possesses, we will lead the global system semiconductor market and achieve both qualitative and quantitative growth."