According to Yonhap News,

TeraView Ltd., a British developer of fault analysis and inspection tools for chips and batteries, plans to build its Asia hub in South Korea after going public in the local stock market, the head of the company said Wednesday.

Founded in 2001, the Cambridge-based tech company is set to make an initial public offering (IPO) on Dec. 9, becoming the first British firm to list on the local stock market.

"Much of TeraView's business is in Asia. We want Korea to be our Asian hub to support those businesses," Donald Arnone, co-founder and chief executive officer (CEO) of TeraView, said in a press conference.

"We would like to have research and development (R&D) teams both in the U.K. and also in Korea ... so we can quickly develop solutions that give us a competitive edge," he added.

Under its IPO, TeraView plans to offer 5 million Korean Depository Receipts (KDR) at a price between 7,000 won (US$4.8) and 8,000 won.

Given that the final IPO price is confirmed within the price band, the company could raise up to 4 billion won.

The company plans to use the IPO proceeds to expand operations in South Korea, with a goal to increase its team of four here by threefold each year for the next several years, according to Arnone.

It will also work to set up a local production facility and start collaborations with Korean universities in high-tech sectors, such as bio.

"There have been concerns in the past about the Korean market versus Hong Kong, New York, etc. We think that's changing," he told the press conference.

"We are pretty confident that there's a lot more value being generated for the shareholders in the Korean market now than there was three or four years ago, and we see that continuing moving forward."

TeraView develops inspection devices that apply terahertz lights, or lights with the unit of frequency equal to 1 trillion hertz, that detect micro cracks and faults, or measure the thickness and density of layers in products such as secondary batteries.

One of its main products is the EOTPR system, a fault-detection and quality-assurance tool used in advanced semiconductor packaging. Artificial intelligence (AI) chip giant Nvidia Corp. is one of the company's key customers.



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Source: Yonhap News (November 19, 2025)