Gaon Chips Signs 5.9 Billion KRW Contract for Custom Semiconductor Design and Development

[Asia Economy Reporter Hwang Junho] Gaon Chips announced on the 31st that it has signed a contract with Telechips for the design, development, and supply of application-specific integrated circuits (ASIC) worth 5.9 billion KRW. The contract amount corresponds to 18.30% of recent sales. The contract period is from the 30th of last month until March 17, 2023.