en.Wedoany.com Reported - Jeju Semiconductor plans to produce LPDDR5 products at SK hynix's wafer fab as a follow-up to its LPDDR4X project. The company's Senior Vice President, Hwang Joo-won, recently revealed that the mass production target date is set for 2030, with production volume yet to be determined.
Jeju Semiconductor has signed an agreement to secure access to SK hynix's manufacturing facilities for the next several years. Industry sources believe that production will take place at SK hynix's factory in Wuxi, China. The company expects that its LPDDR business could eventually expand annual revenue to the trillion won level. Jeju Semiconductor reported revenue of 302.2 billion won last year.
Jeju Semiconductor is a fabless semiconductor company focused on memory products. Its business model involves purchasing memory wafers from suppliers such as SK hynix, completing packaging and testing processes, and then selling the finished memory products under the Jeju Semiconductor brand. Recently, the collaboration model has deepened: Jeju Semiconductor designs LPDDR DRAM products, while manufacturing takes place at SK hynix's facilities, with the final products supplied to end customers under the Jeju Semiconductor brand.
Previously, Jeju Semiconductor announced plans to begin mass production of its self-designed LPDDR4X products at SK hynix's wafer fab around 2028. The company believes there is still considerable demand for so-called legacy memory products, while major memory manufacturers often struggle to allocate dedicated design resources to address the relatively smaller legacy market. This collaboration reflects the alignment of interests between the two companies. Notably, SK hynix's Wuxi factory faces restrictions on the installation of extreme ultraviolet (EUV) lithography equipment, increasing the likelihood that the factory will ultimately focus primarily on legacy memory production.
Some industry observers note that allocating a portion of memory production capacity to external partners is a highly unusual practice, especially during periods of tight memory supply. Jeju Semiconductor's LPDDR business is led by Co-Chief Executive Officer Cho Hyung-seop. Cho, a former judge at the Daejeon District Court, joined Jeju Semiconductor in 2004 and became co-CEO alongside CEO Park Sung-sik in 2013. He stepped down in 2024 due to health reasons but resumed the role of CEO after the company's annual general meeting of shareholders in March this year.
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