Young companies in the semiconductor market do not lose their healthy ambitions, especially when they are supported by real successes. South Korean solid-state drive controller developer FADU currently accounts for no more than 1 percent of the global market, but expects to increase its share 30-fold to 30 percent by 2026.
The resource tells about the corresponding plans of the so-called Korean “unicorn” Business Korea. FADU was founded in 2015 and is currently in the active phase of preparations for the IPO. Therefore, its CEO, Lee Ji-hyo (Lee Ji-hyo), in a speech to investors, stated that in two or three years, all data centers in the world will use server-class solid-state drive controllers developed by FADU in one form or another.
According to estimates by the FADU boss, there are now 30 to 40 developers on the market, but the company’s share does not exceed one percent. By 2026, FADU expects a market share of 30%. FADU is preparing to raise funds equivalent to $1.18 billion at the close of its public offering, which is scheduled for August 7. Last year, the company partnered with SK hynix to supply its controllers for Meta’s SSDs.* platforms.
According to FADU management, data centers around the world currently use about 50 million SSD controllers, but demand could double in the next two to three years. These forecasts are understandably intended to show the prospects of investing in the company’s shares, which will soon be listed on the South Korean stock exchange. The company is not limited to the development of controllers for SSDs, but is also interested in the field of power electronics and telecommunications components as well as data storage systems based on new storage types, not to mention computing accelerators.
* She is included in the list of public associations and religious organizations where the court made a final decision to liquidate or ban activities on the grounds provided for in Federal Law No. 114-FZ of July 25, 2002 “On Combating Extremist Activities”.