Semifive Submits Securities Registration Statement... "KOSDAQ Listing in Full Swing"

Semifive, a global company specializing in artificial intelligence (AI) custom semiconductors (ASIC), announced on the 17th that it has submitted a securities registration statement to the Financial Services Commission for its planned listing on the KOSDAQ market.

Founded in 2019, Semifive is a system-on-chip (SoC) platform company specializing in AI inference and high-performance computing (HPC) design. The company has collaborated with leading domestic AI fabless companies such as Rebellions, FuriosaAI, and HyperAccel to develop semiconductors for data centers. Semifive is expanding its design capabilities to various application fields, including edge computing, CXL, and autonomous driving. In addition, by working with major device manufacturers (OEMs), Semifive provides custom solutions for on-device semiconductors such as vision AI, thereby securing a diversified portfolio.

Semifive's competitive advantages include its "one-stop AI ASIC solution," which covers everything from specification definition to design, development, and mass production, as well as its advanced capabilities in large chip (Big Die) design based on cutting-edge process technology.

The company also expects steady improvement in its performance. On a consolidated basis, order volume increased by approximately 117%, from 57 billion won in 2022 to 123.8 billion won in 2024. As of the third quarter of this year, the cumulative provisional order volume has surpassed 120 billion won. Revenue also increased from 72 billion won in 2022 to 111.8 billion won in 2024.

Semifive's AI ASIC business model is structured so that revenue ramps up after development projects are completed and move into mass production. Large-scale projects currently under development, based on Samsung Foundry's 2, 4, 5, 8, and 14-nanometer processes, are scheduled to enter mass production sequentially starting this year. These projects include on-device AI semiconductors for major domestic conglomerates with stable captive markets, as well as AI accelerator projects with high growth potential. The company expects the pace of revenue growth to accelerate from 2026.

Semifive is also ramping up research and development (R&D) investment to enhance the scalability of its existing SoC platform and strengthen its next-generation AI semiconductor design capabilities. The company is developing "Premier," a CPU chiplet platform based on the architecture of global semiconductor IP company Arm, using Samsung Foundry's 4-nanometer process (SF4X). Chiplet technology, which integrates function-specific chips such as compute and memory onto a single substrate, is gaining attention in the field of high-performance, low-power semiconductor design.

The funds raised through the IPO will be used to secure long-term growth drivers, including: expanding engineering capabilities in Southeast Asia to strengthen project execution; acquiring next-generation IP companies to internalize advanced AI semiconductor technology; and establishing a stable foundation for mass production operations.

Jang Myunghyun, CEO of Semifive, stated, "Semifive has established a differentiated position as the only domestic AI ASIC specialist capable of providing everything from one-stop design to large chip development services based on Samsung Foundry’s advanced processes. Through this IPO, we will proactively strengthen our technological leadership and expand into global markets to become a globally competitive company."

The desired offering price is between 21,000 and 24,000 won per share, with the total offering amount expected to be between 113.4 billion and 129.6 billion won. The anticipated market capitalization is between 708 billion and 809.2 billion won. The company plans to conduct demand forecasting and subscription within November and aims to be listed on the KOSDAQ market within the year. The lead underwriters are Samsung Securities and UBS Securities.