Power Cube Semi (CEO Kang Tae-young) announced the completion of a KRW 6 billion pre-IPO. New investors in this round include Sanun Capital, KB Securities, Kakao Pay Securities, and Sopung Ventures, while Hana Ventures, as an existing investor, provided a follow-on investment.
Founded in 2013, PowerCube Semiconductor possesses next-generation compound semiconductor device technologies, including silicon (Si), silicon carbide (SiC), and gallium oxide (Ga2O3). Notably, it has built and operates the world's first dedicated gallium oxide mass production fab, and based on this facility, it collaborates with a diverse range of global clients.
The company secured an A grade in its technology assessment last July, fulfilling the key requirements for a KOSDAQ technology-specific listing. The company announced plans to apply for preliminary listing review by January of next year, based on this pre-IPO.
CEO Kang Tae-young said, “We would like to thank everyone who decided to invest, and we will do our best to repay your support through a successful listing.”
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