[DigitalToday reporter Dae-geon Seok] Data centre semiconductor specialist Fadu said on Thursday it won an order worth 47 billion won for finished SSD products from Taiwan's Macnica Galaxy. A 21.5 billion won contract disclosed in November was revised as supply volumes increased and SSD prices rose. The deal is the largest by volume in a single contract since the company was founded and exceeds its 2024 annual sales of 43.5 billion won.
Fadu said 50 percent of the contract amount will be paid in March, with the rest reflected in revenue in the second half of this year. It previously said it signed a 20.3 billion won deal on Jan. 13 to supply enterprise SSD controllers to an overseas NAND flash memory maker. That was also the largest single contract for controller supply since the company was founded.
The two orders helped lift its cumulative annual revenue through the third quarter of last year to nearly 68.5 billion won. The company said it expects to turn profitable from the first quarter of this year as large orders continue. Expanding new orders coincides with a global surge in demand for storage devices for AI data centres.
Chief Executive Ji-hyo Lee (이지효) said, "Our technology and customers' trust built up over time are finally starting to bear fruit as the adoption of Gen5 begins in earnest." Lee said, "As performance bottlenecks in AI data centres are being identified as SSDs and storage, we expect Fadu's products to stand out even more."
Lee added, "Based on technology recognised in the U.S. big tech market, we are focusing on developing next-generation products such as Gen6 and Gen7 to secure global technology leadership." Lee said, "On that basis, we will broadly target not only the U.S. but markets worldwide and grow into an export-driven comprehensive fabless company, contributing to the national economy."