Next-generation semiconductor material specialist IVWorks (CEO Young-Kyun Noh) has been selected for the '2025 Global ICT Future Unicorn Promotion Project (ICT GROWTH)' hosted by the Ministry of Science and ICT. IVWorks is a domestic gallium nitride (GaN) epiwafer manufacturing specialist, and has been recognized for its technological prowess and business competitiveness that will lead the global semiconductor material market.
The 'Global ICT Future Unicorn Fostering Project (ICT GROWTH)' is a national strategic project to discover promising ICT SMEs with high growth potential and foster them into future unicorn companies. This year, a total of 88 companies applied, and 15 were selected. These companies will receive benefits such as ▲support for overseas expansion ▲linkage of financial and public-private investment ▲collaboration with startup and venture support organizations.
IVWorks was highly evaluated for its preemptive development of large-diameter GaN epiwafers and securing quality competitiveness at the level of global leading companies. IVWorks is currently internally expanding its self-developed AI-based epiwafer mass production system, and is in full-scale discussions with major global semiconductor and defense companies for mass production.
Using this business as a springboard, IVWorks plans to accelerate its expansion into major global regions such as the US, Europe, Japan, Taiwan, and China, which are currently leading the GaN semiconductor market. It also expressed its intention to contribute to a virtuous cycle in the domestic startup ecosystem by establishing a close cooperative system with domestic system semiconductor companies.
An official from IVWORKS said, “Through this support, we plan to expand our contact points with global potential customers and actively seek overseas business opportunities,” adding, “We are also prepared to actively participate in overseas base programs.”
- See more related articles
You must be logged in to post a comment.