Focus on the rapidly growing smart device and wireless audio device markets.
CEO Park Ki-tae: "With mass production of these products now visible, expectations are high for the future of healthcare IoT."

Iron Device Co., Ltd. is a fabless company that produces single-chip system semiconductors with mixed analog/digital/power functions.

Leveraging the technological expertise accumulated through mass-produced high-end/professional products, the company develops and supplies innovative products to the mobile, home, and automotive audio markets. CEO Park Ki-tae stated, "Given the high barriers to entry in this market, we have secured strategic proprietary IP over a long period of time, enabling us to respond quickly to customer demands." He added, "We will prioritize sales in the rapidly growing emerging audio semiconductor market for smart devices and wireless audio devices."

In particular, CEO Park emphasized that the company's development products are "innovative, featuring the smallest size in the industry, innovative BOM cost reduction, and high-performance mixed-signal integration." The reason CEO Park is so confident in the audio system semiconductor market is that, unlike the digital SoC market, where large-scale competition relies on capital, small and medium-sized fabless companies can compete on the basis of technology with minimal capital.

The audio system semiconductor market requires a wide range of fundamental technologies, including processes, IP, skilled designers, software, and integration expertise. The current market is dominated by companies that have been in business for over 20 years, giving companies like Iron Device a competitive edge. The company's development team, comprised of over 20 years of experience, has developed power process-based products for major domestic and international companies. It also has a cumulative sales history of over 200 million units.

Product supply requires processes such as wafer, packaging, testing, and shipping. Iron Device cites its close relationships with global contract manufacturers at each stage, the result of long-term technical collaboration, as another competitive advantage. The company aims to generate $470 million in revenue by 2019, with sales expected to reach 57.8 billion won within three years of development. The company, which is currently developing products for mass-production devices, is currently seeking investment to ensure timely commercialization.

Regarding this, CEO Park stated, "Our strategic pursuit of entering large-scale demand is now becoming visible," adding, "We are currently maintaining a collaborative relationship with Bang & Olufsen, the world's leading audio company. Going forward, we have high expectations for areas like healthcare and IoT."

Company Overview
Company Name: Iron Device Co., Ltd.
Website: www.irondevice.com
Representative: Park Ki-tae
Founded: May 2008
Products: Audio semiconductors/power semiconductors