Ratel Semiconductor, a fabless startup specializing in power management ICs (PMICs), announced on April 9 that it has secured a strategic investment from automotive semiconductor company Telechips, and has been selected for the 2025 Super Gap Startup 1000+ Program (DIPS 1000+) by the Ministry of SMEs and Startups. The investment amount remains undisclosed.
Since its founding, Ratel Semiconductor has focused on developing PMICs for display applications, gaining recognition for its technical capabilities. Building on this foundation, the company is now expanding into the development of automotive PMICs.
CEO Soongu Park founded Ratel Semiconductor after serving more than 20 years as Korea Country Manager and Business Division Head at Richtek, Asia’s leading power management semiconductor company. He has assembled a team of global PMIC experts with an average of over 15 years of experience, significantly strengthening the company’s technological competitiveness.
Through its selection for the 2025 Super Gap Startup 1000+ initiative, Ratel Semiconductor is set to receive up to KRW 600 million in development funding over the next three years. This government support complements the company’s 2024 selection for TIPS (Tech Incubator Program for Startups) and is expected to provide a stable foundation for new product development and business expansion.
CEO Park stated, “Telechips’ strategic investment reflects a strong recognition of Ratel Semiconductor’s technology and growth potential. We aim to contribute to the global competitiveness of Korea’s system semiconductor industry through the development and localization of advanced PMIC technologies for both display and automotive applications.”
