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In recent months, the Nvidia effect has been making waves in South Korea with Leeno, a chip testing company traded on the Kosdaq index, experiencing a surge in stock prices. This increase has catapulted the company’s founder, Lee Cha-Yun, to become the country’s second-largest billionaire according to Forbes. As of last Thursday, his total value was estimated to be about one billion dollars.
Lee founded Leeno over four decades ago in 1978 and currently serves as CEO. He owns 35% of the shares in the company and is located in Busan. The firm specializes in manufacturing parts for test equipment designed to locate defects in chips and boasts 1,020 customers worldwide including major chip giants like Samsung Electronics, SK Hynix and Nvidia itself.
The chip industry continues to be a lucrative field for entrepreneurs in Asia due to its growing importance in technology and innovation. The trend of companies developing their own artificial intelligence processors is expected to further benefit Leeno’s future profits in this sector driven by Nvidia’s graphics processing chips. Analysts are optimistic about the future of this sector given its potential for growth and profitability despite declining revenues and profits for some companies like Hanmi Semiconductor which rose 600% last year.
