FADU, a data center–focused fabless (semiconductor design company), disclosed on the 12th that in the third quarter this year it posted revenue of 25.6 billion won and an operating loss of 11.4 billion won.
FADU said that, driven by rising demand for solid-state drives (SSD) for artificial intelligence (AI) data centers, revenue increased about 250% from the same period last year (10.1 billion won), and the operating loss narrowed significantly from a year earlier (operating loss of 30.5 billion won).
Buoyed by growing SSD demand, FADU has recently secured large orders for four straight months. In particular, from mid-Oct. to early Nov., it signed orders totaling 56.2 billion won based on disclosures.
A FADU official said, "While we have focused on developing next-generation controller chips this year, we have improved quarterly revenue and the level of operating losses," and added, "In addition to the large orders recently disclosed, new orders from customers for controller and SSD module businesses are continuously coming in."