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Azigland Signs 31.8 Billion Won eSSD Controller Design Contract with SK Hynix

Azigland announced in a regulatory filing that it has signed a supply contract with SK Hynix for the design of an application-specific semiconductor (ASIC) (eSS

Oseong Kwon
Staff Reporter
2 min read
Azigland Signs 31.8 Billion Won eSSD Controller Design Contract with SK Hynix
CBC News

Azigland announced in a regulatory filing that it has signed a supply contract with SK Hynix for the design of an application-specific semiconductor (ASIC) (eSSD Controller).

  • *[Contract Overview]**
  • Counterparty: SK Hynix
  • Contract Amount: 31,851,262,082 won (exclusive of VAT)
  • Contract Period: May 27, 2025 – December 31, 2027
  • Payment Terms: Full cash payment within 30 days from the date of invoice issuance
  • Supply Region and Production Method: South Korea / Combined in-house and outsourced production

This contract amount equals 43.7% of Azigland's revenue (72,849,892,092 won) based on its consolidated financial statements at the end of 2025.

According to the company, the contract was originally signed on May 27, 2025, but a disclosure obligation arose due to an amended contract dated June 29, 2026. The revised contract amount consisted of USD 18,883,645 and 2,817,657,894 won. This amount was calculated as a total of 31,851,262,082 won, converted from US dollars using the initial base exchange rate of KEB Hana Bank on June 29, 2026 (1 USD = 1,537.50 won).

Meanwhile, Azigland added that the contract amount and period may be subject to change depending on the progress of the design process.

Oseong Kwon
Staff Reporter

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