Ratel Semiconductor, a power management semiconductor developer, announced that it has secured a total of 2.1 billion won in seed funding from investors including the Ulsan Center for Creative Economy and Innovation. The company has also been selected for the Ministry of SMEs and Startups' TIPS program, led by the Ulsan Center for Creative Economy and Innovation.
CEO Park Soon-gu founded Ratel Semiconductor, leveraging his experience as a division manager at Richtec, Taiwan's leading power management semiconductor company. Founded in November 2023, the company's business potential was recognized by investment associations and numerous individual investors within a year of its launch, securing a total of 2.1 billion won in a seed round.
Additionally, Ratel Semiconductor was selected for the Ministry of SMEs and Startups' TIPS program in December 2024, securing up to 700 million won in research and development funding. In the same month, it was selected for the 7th Dream Play program, LG Display's startup support and collaboration program, providing prototype production support and opportunities for future commercialization.
Building on this investment and selection for the support program, Ratel Semiconductor plans to accelerate product advancement and market expansion. The company plans to launch four power management integrated circuits (PMICs) optimized for major displays within the first half of 2025. In particular, the low-power LED driver IC for AI notebooks, a TIPS project, aims to reduce global power consumption and is expected to be a key product driving Ratel Semiconductor's global market expansion.
To address regional risks stemming from the US-China trade conflict, Ratel Semiconductor is focusing on securing a production network outside of China and Taiwan, and is receiving high expectations from domestic and international customers and investors. CEO Park Soon-koo stated, "This investment and selection for the TIPS program are recognition of Ratel Semiconductor's technological capabilities and business viability. With our talented development team, we will lead the domestic system semiconductor industry and grow into a company capable of expanding into the global market."
- See more related articles
You must be logged in to post a comment.