[Market Focus] Itek Achieves 10.2 Billion KRW in Q1 Sales on Client Diversification... DeepX Test House Role Highlighted

Itek is showing strong performance. This appears to be influenced by news of solid first-quarter sales and the company's unique role as a test house for DeepX.

As of 9:46 a.m. on May 20, Itek shares were trading at 5,840 KRW, up 5.04% from the previous day.

The previous day, Itek announced that it recorded 10.2 billion KRW in standalone sales and 13.8 billion KRW in consolidated sales. The diversification of its client base, including automotive and artificial intelligence (AI) semiconductor companies, drove the solid sales results.

Additionally, Itek's role as the exclusive test house for the AI semiconductor specialist DeepX is being highlighted. Itek is collaborating with DeepX on product verification and testing programs for DeepX's first AI semiconductor, the DX-M1, starting from the multi-project wafer (MPW) stage.

According to market research firm Omdia, the AI semiconductor market is projected to reach approximately 243 billion USD (about 340 trillion KRW) by 2028, while the on-device AI market is expected to reach about 69 billion USD (about 96 trillion KRW). Recently, domestic government research and development (R&D) support programs have enabled companies such as FuriosaAI and DeepX to continue achieving development milestones.