Chip design firm SemiFive is aiming to win 100 billion won worth of orders this year that will allow it to turn a profit for the first time, its CEO told TheElec.
The goal is double that of the orders it won last year and if they convert to revenue the company will turn to the black, SemiFive CEO Brandon Cho said.
The company, which is a design solution partner to Samsung Foundry, is also targeting going public at the end of next year or early 2025, Cho said.
The chip design house, founded in 2019, acts as a bridge between fabless chip companies and Samsung Foundry.
It employs around 400 and claims it is a design platform company rather than a simple chip design house.
This is because the chip design service industry is shifting from merely designing its customers’ chips to selling designs as well as offering more customized services to customers depending on their need, SemiFive said.
The South Korean chip firm is offering its chip designs in AI, AI of things, and high-performance computing.
It does this by providing its related IPs to customers, which it says can reduce customers’ development downtime.
Its fabless customers include FuriosaAI and Rebellions, which are using SemiFive’s SoC platform to make their AI chips.
Besides these projects, SemiFive is also involved in microprocessor unit projects with South Korean and US companies, Cho explained.