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A Korean fabless company, Soteria, has hit the jackpot with pre-orders worth USD $150M in Europe.

 

“Soteria is a fabless company that designs and mass-produces custom semiconductor chips as a CSSP (Customer Specific Standard Product) company. They secure pre-orders and development funding from customers in advance, allowing them to pursue a stable and clear business model.”

Soteria is a domestic fabless startup founded in 2018, specializing in ultra-low-power High-Performance Computing (HPC) accelerators. While other AI semiconductor startups like FuriosaAI in Korea focus on competing with NVIDIA by targeting massive data centers with AI accelerators, Soteria differentiates itself by supplying customized HPC accelerators aimed at both large and mid-sized data centers.

In other words, their business strategy is to steadily secure customers and markets by targeting niche markets.

 

https://zdnet.co.kr/view/?no=20240225181202