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SEMIFIVE Achieves Over KRW 100 Billion in Revenue in 5 Years – Remarkable Year-over-Year Growth Rate of 57%

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Built a differentiated portfolio and accelerated revenue growth with its independently developed reusable and automated design platformSecured key semiconductor IP and laid the foundation for long-term growth through next-generation technological innovations

SEOUL, South Korea, March 25, 2025 /PRNewswire/ — SEMIFIVE, a leading design solution provider and pioneer of platform-based custom silicon solutions, announced that it has achieved the remarkable feat of surpassing KRW 100 billion in revenue within just five years of its founding. The company’s consolidated revenue for 2024 reached KRW 111.8 billion, marking a significant increase of approximately 57% (56.8%) compared to the previous year (KRW 71.3 billion). The company demonstrated consistent growth, with KRW 123.8 billion in orders, marking an increase of approximately 42% (42.3%) compared to the previous year (KRW 87 billion).

SEMIFIVE, a company specializing in SoC platforms and ASIC design solutions, was founded in 2019 by Brandon Cho, CEO and co-founder of SEMIFIVE. He earned a bachelor’s degree from Seoul National University’s Electrical Engineering department and a master’s and doctoral degrees in Computer Architecture from MIT. The has company successfully attracted more than KRW 240 billion in investment from domestic venture capital (VC) firms, including Pavilion Capital, a subsidiary of Temasek which is Singapore’s sovereign wealth fund, Mirae Asset Venture Investment, Korea Investment Partners, and Korea Development Bank. At the time of its founding, Steve Park, former Executive Vice President of Samsung Electronics’ System LSI Division, was appointed as co-president, and a team of experts with more than 20 years of experience from leading domestic and foreign companies and master’s and doctoral-level engineers joined the company, drawing significant attention within the industry.

Differentiating Competitiveness with Low-Cost, High-Efficiency Design Platform, Revolutionizing the SoC Semiconductor Design Paradigm
SEMIFIVE’s independently developed design platform is an innovative solution that can reduce semiconductor development costs and timelines by more than half. The key distinguishing feature of SEMIFIVE’s solution is the substantial enhancement in design efficiency through the reuse of design assets (IP) and automation solutions, setting it apart from traditional design houses.

As the demand for AI semiconductors is rapidly expanding, prominent AI companies such as Google and Meta are prioritizing the development of their own chips in collaboration with companies such as Broadcom and MediaTek. SEMIFIVE’s design platform solutions, which are designed to maximize efficiency at low cost and low risk, have attracted considerable attention from both domestic and international customers.

Diversifying Portfolio with Leading K-Fabless Companies, Expanding Global Business Scope
Major domestic and foreign semiconductor companies are developing customized semiconductors based on SEMIFIVE’s SoC platforms. Some companies have already completed mass production, while others are planning to start mass production. New projects are underway, ensuring the sustained growth of mass production revenues. SEMIFIVE strategically consolidates its leading position in the customized AI semiconductor market by expanding collaboration with prominent domestic fabless companies that possess advanced technology capabilities and eager to develop cutting-edge AI semiconductors such as FuriosaAI, Rebellion, HyperAccel, Mobilint, and XCENA. Since last year, the company has secured customers not only in South Korea but also overseas, including in the U.S. and China, establishing the foundation for a full-scale entry into the global market and accelerating its global business expansion.

SEMIFIVE has developed three SoC platforms for AI Inference, Artificial Intelligence of Things (AIoT), and High Performance Computing (HPC), and the company has completed tapeouts of more than 10 Big Die semiconductor projects.

Securing Key Semiconductor IP and Advancing Technology with Advanced Chiplet Platforms
In 2022, SEMIFIVE acquired Analog Bits, a global IP company, to strengthen its IP capabilities. Analog Bits is a global leader in low-power mixed-signal IP, supplying core IP such as clocking, sensors, and SERDES to the world’s leading foundry ecosystems, including TSMC, Samsung Foundry, and Intel. Since its establishment in 1995, the company has developed over 1,000 products based on more than 75 distinct process technologies and has collaborated with over 400 customers, including prominent global technology companies. SEMIFIVE is focused on enhancing its position in the global IP market by internalizing IP technologies linked to its own SoC platforms.

SEMIFIVE’s expertise in the field of chiplet design, encompassing the full spectrum of chip design, including software development and system-level engineering, is a key differentiating factor. SEMIFIVE is accelerating the development of Premier, a CPU chiplet platform based on the ARM architecture, to proactively respond to the demands of the rapidly changing AI semiconductor market. Premier is a high-performance platform that utilizes various IPs such as Synopsys’ UCle high-speed interface and OPENEDGES Technology’s LPDDR6 memory interface, as well as Samsung Foundry’s advanced 4nm process (SF4X).

In response to the growing demand from AI technology companies for chiplet-based dedicated semiconductor development, SEMIFIVE is enhancing its platform to provide proven solutions based on its secured IP assets and in-house expertise. This strategic initiative empowers customers to swiftly develop the semiconductors they require, while minimizing costs and risks.

“Achieving over KRW 100 billion in revenue in just five years is an exceptional and noteworthy accomplishment,” said Brandon Cho, CEO and co-founder of SEMIFIVE. “In the rapidly growing AI semiconductor ecosystem, the custom silicon (ASIC) market will become a key pillar. Under the founding vision of becoming the ‘New Global Hub of Custom Silicon’, we will strengthen our category leadership as the leader in low-cost, high-efficiency design platforms and aggressively target the global market.”

Media Contact

Robin Kim, Senior Director, robin.kim@semifive.com

About SEMIFIVE

SEMIFIVE is the pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Our SoC platforms offer a powerful springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. We offer comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT. With a strong partnership with Samsung Foundry as a leading SAFETM DSP partner, as well as the larger ecosystem, SEMIFIVE provides a one-stop shop solution for any SoC design needs. For more information, please visit www.semifive.com.

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SOURCE SEMIFIVE

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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/socomec-daitron-team-up-to-meet-japans-growing-power-demands-302755570.html

SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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View original content to download multimedia:https://www.prnewswire.com/news-releases/multi-destination-travel-surges-across-asia-pacific-this-labour-day-tripcom-group-data-shows-302756711.html

SOURCE Trip.com Group

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