Photo = Gaonchips

 

[Alpha Biz=(Chicago) Reporter Paul Lee] KB Securities newly suggested Gaonchips as a purchase on the 13th, saying it is expected to grow significantly compared to the same industry. The target price is 150,000 won. Gaon chips' closing price on the previous trading day is 91,900 won.

"As the AI market grows, demand for AI chip development is expanding in various fields such as global big tech and AI start-ups as well as fabless (design)," KB Securities said. "Gaon chips is expected to grow 98.2% annually from 2023 to 2026 and is expected to grow significantly compared to domestic and foreign companies."

Gaonchips's estimated performance in 2024 is 108.3 billion won in sales and 7.9 billion won in operating profit. Along with the surge in demand for AI chips, the proportion of development related to NPU design, an on-demand semiconductor (ASIC), is expected to increase. It is also expected to lead to external growth as it is set to mass-produce its products in earnest. In particular, sales and operating profit are expected to reach 194.5 billion won and 20.9 billion won in 2025 on the back of full-fledged mass production.

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