Thai chip designer plans IPO to fund R&D for 5G applicationsTanyarat Supamit
Silicon Craft expects surge in demand, especially for animal tags and motion sensors
BANGKOK — Thailand’s leading microchip designer Silicon Craft Technology has announced its plan to debut on the country’s stock exchange following the subscription period later this month.
The Bangkok-based company is poised to expand its development capability, as it expects the spread of fifth-generation (5G) telecom technology will push up demand for microchips for internet of things applications. The chip company is putting particular focus on chips for animal tagging.
Chief Executive Officer Manop Dhamsirianunt said the funds to be raised from the initial public offering will be used in research and development on its core products — car immobilizers, radio-frequency identification chips and animal tags.
For more detail, please visit: https://asia.nikkei.com/Business/Markets/Thai-chip-designer-plans-IPO-to-fund-R-D-for-5G-applications