[Market Focus] MDS Tech Surges on Strategic Investment in FuriosaAI

MDS Tech is showing strong performance. This appears to be influenced by news of its strategic investment in FuriosaAI.

As of 2:20 p.m. on May 28, MDS Tech was trading at 1,398 won, up 229 won (19.59%) from the previous trading day.

On this day, FuriosaAI announced that it had signed an investment agreement with the 'JW-Konan AI Next Leader Fund,' jointly operated by JW Asset Management and Konan Investment. It was reported that FuriosaAI issued redeemable convertible preferred shares (RCPS) through a third-party allocation, although the amount was not disclosed.

This investment is part of a mid- to long-term strategy for the continued growth and technological innovation of the domestic AI semiconductor industry. The company expects that this will have a positive impact on strengthening the competitiveness of domestic companies in the increasingly competitive global AI semiconductor sector.

KOSDAQ-listed companies MDS Tech and BQ AI participated as major investors in this investment. Both companies highly value the growth potential of the domestic AI semiconductor industry and expect to contribute to the discovery of new business opportunities and the revitalization of the domestic AI industrial ecosystem through cooperation with FuriosaAI.

Founded in 1994, MDS Tech is a leading domestic embedded solutions specialist, developing and supplying mobile and industrial solutions. Over the past 30 years, the company has collaborated with more than 70 global partners to provide solutions related to AI, automotive software, IoT, big data, and digital twins across various industries.

Since its establishment in 1998, BQ AI has grown to become the largest news data provider in Korea. The company continues to research the integration of news and AI technology.