[Special Stock] Nsitron Sees Rising Requests for Audio Semiconductor Supply

[Asia Economy Reporter Hyungsoo Park] N-SITRON is showing strong performance.

As of 10:59 AM on the 18th, N-SITRON is trading at 1,275 KRW, up 6.25% from the previous day.

N-SITRON announced that it has signed a Memorandum of Understanding (MOU) for a business partnership with Chinese TV manufacturer Hisense. Through this agreement, N-SITRON plans to increase the supply volume of audio semiconductors to Hisense. Amid the ongoing non-memory semiconductor supply shortage, Hisense has requested N-SITRON to expand its supply volume.

Hisense agreed to prioritize reviewing N-SITRON's semiconductors and solutions when developing new products. They will also cooperate in areas such as technical support and quality inspection going forward.

A company official stated, "Requests to expand supply continue from major home appliance companies including Hisense," adding, "We will respond to increased customer demand by securing a stable supply volume."

N-SITRON is a specialized company in non-memory semiconductors related to audio. It supplies products to Chinese companies TCL and Hisense, as well as LG Electronics. Even during last year's non-memory semiconductor supply shortage, sales increased due to securing stable production volumes and diversifying its customer base.