OPENEDGES Listing on KOSDAQ this September

Seoul, South Korea, September 9th, 2022 --- OPENEDGES Technology, Inc. (hereinafter referred to as OPENEDGES), the leading artificial intelligence (AI) semiconductor IP platform provider, held a press conference to present its post-initial public offering (IPO) growth strategy after the completion of its listing on the KOSDAQ this September, in South Korea.

Sean Lee, the CEO Of OPENEDGES Technology, speaking at the press conference

The total number of public offerings of OPENEDGES is 3,636,640, with the estimated IPO price currently expected between 15,000 won to 18,000 won (appx. $11 to $14) per share, resulting in a total public offering between 54.5 billion won to 65.5 billion won (about $41.9 million to $50.4 million). The price per share will be confirmed by conducting demand forecasts for institutions from September 7^th to 8^th, followed by applications for general investors on September 15^th and 16^th, with the plan to go public on the 26^th. The IPO underwriter is Samsung Securities.

As the only integrated AI IP platform provider of the core functional blocks of NPU and memory systems (interconnect, memory controller, and PHY IPs) necessary for AI semiconductor chip design, OPENEDGES delivers advanced IPs to fabless and design houses, etc. Within just five years since its establishment, the company has realized over 30 licenses worldwide and achieved 135% annual sales of 2021 in the first half of 2022 alone, based on the license fees for semiconductor IP supply, including running royalties fee associated with the mass production of semiconductor chips with IP.

“The cost of semiconductor chip development to mass production can easily exceed 100 million dollars, so proven semiconductor IPs are critical as they can minimize the financial and time damage in case of failure,” said Sean Lee, the CEO of OPENEDGES. “We have developed distinct design IP technology in our integrated AI IP platform for the market and are currently building its success story and achieving global recognition.”

OPENEDGES plans to continually develop advanced IPs for the most advanced micro-semiconductor process technology, expected to start with security cameras and car infotainment, ADAS, E-mirror, driving monitoring systems, and so on that will secure new growth engines with the public offering funds.

About OPENEDGES

OPENEDGES Technology, Inc. (OPENEDGES) is the world's only total memory system and AI platform IP provider, delivering NPU, on-chip interconnect, DDR memory controller, and DDR PHY IPs as a single vendor. Established in 2017, OPENEDGES has earned a reputation for providing IP with the highest level of efficiency in power consumption, area, and DRAM optimization. OPENEDGES’ integrated IP solutions are market and silicon-proven, featuring advanced architectures and proprietary technologies that enable customers to shorten their design and verification processes.

OPENEDGES provides solutions that range from AI/ML and high-performance computing (HPC) to mobile and automotive applications in multiple standards, technologies, and foundries.

The two key technologies of OPENEDGES are memory systems and AI computing, which together provide a sorely needed boost in performance, efficiency, and reliability.

ORBIT^TM:
- DDR memory controller, OMC supports DDR4/3, LPDDR5x/5/4/4x/3, GDDR6, HBM3
- DDR PHY, OPHY supports LPDDR4/4x/5/5x, GDDR6
- NoC Bus Interconnect, OIC Non-coherent NoC available