[Market Highlight] OpenEdge Technology Rises on Spotlight for AI Semiconductor Government Project with FuriosaAI

OpenEdge Technology shares are showing strong performance. As FuriosaAI has recently expanded its fundraising efforts and attracted attention, OpenEdge Technology's past experience leading government-funded HBM-related projects by the Ministry of Science and ICT, together with FuriosaAI and SK hynix, appears to have come into focus.

As of 1:55 p.m. on April 21, OpenEdge Technology shares were trading at 14,320 won, up 7.27% from the previous trading day. With investor sentiment concentrating on stocks related to FuriosaAI, the company's track record of participating in past government projects seems to have acted as a positive catalyst.

OpenEdge Technology participated in the Ministry of Science and ICT's 'Development of HBM3-Class or Higher Interface Technology for High-Performance AI Servers' project until June of last year. This was a large-scale research and development initiative launched by the ministry in 2020 to strengthen domestic artificial intelligence (AI) semiconductor design capabilities. At the time, SK Telecom and SK hynix were selected as leading companies from the corporate sector, while FuriosaAI, DeepX, and OpenEdge Technology were chosen as leading companies from the startup sector.

Among them, OpenEdge Technology formed a consortium with 15 organizations, including SK Telecom, FuriosaAI, Seoul National University, and SK hynix, in the server sector. The consortium worked on developing AI semiconductors and interfaces for use in high-performance servers such as cloud data centers.