Silicon Mitus Named Start-up to Watch

Yoon, Gun-il Dec 14, 2009

Power management integrated circuit maker Silicon Mitus was selected as the winner of the GSA Start-up to Watch Award.Silicon Mitus said on December 13 that it won the GSA Start-up to Watch Award at the 2009 GSA Awards held on December 11 in Silicon Valley, the US. The award is granted to one of the newly emerging semiconductor companies that demonstrates the great performance in technology and a product, the outstanding management skill and the positive potential for growth.Since 2001, when this award was created, Silicon Mitus was the first semiconductor company in Korea which won this award. The Global Semiconductor Alliance (GSA) consists of the world’s leading chipmakers like Qualcomm, nVidia and Broadcom as well as Korean chipmakers like Samsung Electronics, Dongbu Hitek and Magnachip. With the award, Silicon Mitus was able to get the global recognition of its technology.The company was established in 2007 by President Hur Yeom, an expert of the semiconductor industry in Korea. He has served as chief executives and directors at Korea’s famous semiconductor companies like Samsung Electronics, Hynix and Magnachip. He has explored the analog semiconductor business when Korea was less competitive in the industrial technology. He has led Korea’s first development of PMIC used in the next generation LCD display. Also, in September, he was able to attract a $6 million investment from a US venture capitalist.President Hur said, “It is a great honor to receive the prestigious award from the global semiconductor alliance. We will do our best to become a more customer-oriented company.”

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