Wavice

What Wavice does

Wavice is a South Korea-based GaN RF (Gallium Nitride Radio Frequency) compound semiconductor manufacturer headquartered in Hwaseong, Gyeonggi-do, with a dedicated GaN mass-production fab in Pyeongtaek. Founded in the mid-2010s and listed on KOSDAQ under ticker 289930, the company operates as Korea's first and only GaN RF IDM (Integrated Device Manufacturer), with full internalization of R&D and production from GaN wafer foundry through bare-die chips (HEMT and MMIC), packaged transistors, high-power amplifiers (HPA/SSPA), and transmit/receive modules. The firm employs 51-100 people and runs gate processes at 0.4µm, 0.3µm, and 0.2µm across L-band (1-2 GHz) through X-band (8-12 GHz) frequency ranges.

The product portfolio spans four application verticals: advanced weapon systems (radar for air defense, naval, aviation, and ground-based platforms), anti-drone systems for military and industrial facilities, telecom infrastructure for 5G/6G base stations, and satellite & aerospace applications including SAR satellites and LEO communications. Core offerings include GaN RF Bare-Die (HEMT, MMIC), IMFET Packaged Transistors across L/S/C/X-Band, Power Amplifier Modules, and TR Modules. X-band GaN MMICs for AESA radar and SAR satellites were jointly developed with ETRI under the National Research Council of Science & Technology's Creative Allied Project and technology-transferred to Wavice for commercialization in July 2025, with X-band transistor and module products listed as upcoming on the product roadmap.

Wavice runs a direct sales-led B2B model with quote-based engagement, multi-year defense contracts, and no public pricing — products are sold through technical consultation reaching customers within 24 hours. The customer base is concentrated in Korean government/defense channels (notably ETRI) and emerging export integrators including a global semiconductor distributor supplying India's advanced weapon system. The company completed a ~$23.6M financing round in October 2025 from IBK Capital, Samsung Securities, SBI Investment Korea, and Smilegate Investment, and continues to operate as Korea's sole GaN RF mass-production fab.

Name

Wavice

Legal name

주식회사 웨이비스 (Wavice Inc.)

Website

https://wavice.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Wavice is Korea's only GaN RF IDM semiconductor manufacturer producing GaN bare-die (HEMT, MMIC), packaged transistors, HPAs, SSPAs and modules across L to X-band for defense, anti-drone, telecom, and satellite/aerospace customers worldwide.

Ownership category

akta.pro rank

Product category

RF Semiconductors

NAICS

Semiconductor and Other Electronic Component Manufacturing (33441), Semiconductor and Other Electronic Component Manufacturing (3344), Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (334220), Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing (334511)

SIC

Semiconductors & Related Devices (3674), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812)

akta.pro primary industry

RF, Microwave & Wireless ICs (HDAHAAAF)

akta.pro secondary industries

RF & Compound Semiconductor Foundries (GaAs/GaN/SiGe) (HDAHACAD), Custom/ASIC & Foundry-Adjacent IDM Services (HDAHAAAL), RF Front-End Modules (FEMs) & Integrated RF Modules (HDAHAMAA)

Keywords

• GaN RF semiconductors
• RF power amplifiers
• Defense electronics
• Compound semiconductor foundry
• Satellite communications

Headquarters

HQ city

Hwasong

HQ country

South Korea

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Infrastructure, Personnel, Supply Chain, Operations

Revenue model

1. GaN RF Semiconductor Products: Revenue generated from GaN RF semiconductor products including bare-die (HEMT, MMIC), packaged transistors, HPAs, SSPAs, and modules. The company operates as an IDM (Integrated Device Manufacturer) providing one-stop solutions from foundry to finished modules, serving defense, telecom, and aerospace industries.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Wavice is Korea's first and only GaN RF IDM (Integrated Device Manufacturer) that internalizes the full value chain from GaN RF foundry to bare-die chips (HEMT, MMIC), packaged transistors, HPAs, SSPAs, and modules. The company manufactures GaN-based RF semiconductors covering L to X band frequencies for defense radar, anti-drone systems, telecom infrastructure (5G/6G), and satellite/aerospace applications.

Product overview

Wavice offers a one-stop GaN RF solution portfolio as Korea's first and only GaN RF IDM (Integrated Device Manufacturer). The company has fully internalized all R&D and manufacturing capabilities from GaN RF foundry to chips, packaged transistors, and modules. The product portfolio consists of: (1) Foundry & Bare-die (HEMT, MMIC) using 0.4um, 0.3um, and 0.2um gate processes - the only RF GaN fab in Korea; (2) Packaged Transistors available in L-Band (1-2 GHz), S-Band (2-4 GHz), C-Band (4-8 GHz), and X-Band (8-12 GHz) frequency ranges; (3) SSPAs, HPAs, and Modules including TR (Transmit/Receive) Modules and PA (Power Amplifier) Modules across all frequency bands. All products serve advanced industries including advanced weapon systems, anti-drone systems, telecom infrastructure (5G, 6G), and satellite & aerospace applications.

Differentiator

Problem solved

Functional benefit

Products and services

• GaN RF Foundry & Bare-Die (HEMT, MMIC) Korea's only RF GaN fab offering 0.4um, 0.3um, and 0.2um gate process technologies for manufacturing GaN RF bare-die products including HEMT and MMIC chips for signal amplification in advanced industrial wireless communication systems.
• L-Band Packaged Transistor Packaged transistors operating in the 1-2 GHz frequency range, designed for radar and communication systems requiring long-distance communication capabilities.
• S-Band Packaged Transistor Packaged transistors operating in the 2-4 GHz frequency range, suitable for radar, anti-drone, and communication systems with moderate bandwidth and penetration capability.
• C-Band Packaged Transistor Packaged transistors operating in the 4-8 GHz frequency range, used in radar, anti-drone, communication systems, and EMI & EMC applications.
• X-Band Packaged Transistor Packaged transistors operating in the 8-12 GHz frequency range, primarily utilized in military applications, aerospace, and satellite systems.
• SSPA, HPA & Modules (including TR Modules and PA Modules) High Power Amplifiers (HPA), Solid State Power Amplifiers (SSPA), and Transmit/Receive (TR) modules covering L-Band, S-Band, C-Band, and X-Band, proven for defense projects including radar and anti-drone systems.
• Broadband GaN RF Products Wide frequency range products including various models supporting CW and pulsed signals from 1W to 70W output power. Commonly used in radar, anti-drone, communication systems, EMI & EMC, and energy applications.
• X-band GaN MMICs for AESA Radar and SAR Satellite X-band GaN-based MMICs including Power Amplifier, Low Noise Amplifier, and Switch chips developed for transmit/receive modules used in military radars and SAR satellites. Performance comparable to U.S. and European commercial products.

Quantifiable outcome

• X-band GaN MMIC performance comparable to U.S. and European commercial products
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• ETRI (Electronics and Telecommunications Research Institute)coreStrategic or Co-development Partner · 15 July 2025Korean researchers at ETRI and Wavice successfully developed GaN-based MMICs for transmit/receive modules used in military radars and SAR satellites. Three types of X-band chips (Power Amplifier, Low Noise Amplillator, and Switch) were developed using Korea's only GaN mass production fab facilities. The research was part of the National Research Council of Science & Technology's Creative Allied Project. Technology transfer to Wavice has been completed for full-scale commercialization.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MACOM Technology Solutions: US GaN RF semiconductor specialist offering GaN MMICs, discrete transistors and modules for defense radar, EW and 5G base stations. Direct head-to-head competitor in GaN-on-SiC technology and frequency bands (L through X).
• RFHIC: Korean GaN RF semiconductor and module manufacturer headquartered near Suwon, offering GaN amplifiers, MMICs and subsystems for defense, telecom and radar. The most direct Korean head-to-head competitor to Wavice with overlapping product lines and customer base.
• Sumitomo Electric Device Innovations (SEDI): Japan-based GaN HEMT and MMIC IDM serving defense, satellite and wireless infrastructure markets with X-band and higher-frequency GaN RF products. Comparable product portfolio, technology generation and customer set to Wavice.
• Wolfspeed: US-based pure-play SiC and GaN device manufacturer operating large-scale RF GaN fabs. Comparable as a GaN RF IDM serving defense and telecom customers, though Wolfspeed is more diversified across power electronics.
• Qorvo: US-based RF semiconductor IDM with a substantial GaN-on-SiC portfolio serving defense radar, electronic warfare and base-station markets. Closely comparable to Wavice in product category (GaN RF MMICs, packaged transistors, modules) and customer base (defense primes and telecom OEMs).
• Mitsubishi Electric Semiconductor: Japan-based GaN RF semiconductor manufacturer with mass-production GaN HEMT/MMIC capability for defense radar and satellite communication systems. Direct competitor in GaN RF for AESA radar and high-frequency defense applications.

Broad incumbents

• Thales: European defense electronics prime contractor integrating GaN RF subsystems into air defense, radar and electronic warfare platforms. Comparable as a downstream customer/use-case for GaN RF and as a benchmark for defense radar business models.
• Northrop Grumman: US defense prime and a leading GaN-based AESA radar manufacturer (AN/APG-81, GBSD). Comparable as a vertically integrated defense user of GaN RF and as a benchmark for the end-market Wavice targets.
• Skyworks Solutions: Large US RF semiconductor incumbent with broad wireless-focused portfolio and growing GaN capability. Adjacent rather than directly comparable — overlaps on telecom RF and some defense, but Skyworks is much larger and GaN is a smaller portion of its business.
• Raytheon (RTX): Major US defense prime producing AESA radars (e.g., Patriot, SPY-6) and EW systems that consume GaN RF MMICs and TR modules. Comparable as a major downstream buyer and competitor-in-vertical for integrated radar systems.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Wavice

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wavice