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Sigetronics Set to Supply Flip-Chip Sensors to Global Smart Wearable Brands

sigetronics 2024-07-12 浏览数 769

Promotional activities are also being carried out with companies such as OPPO and Longcheer to expand sales.



Cho Deokho, CEO of Sigetronics, is presenting the company's current status and future strategies at the corporate briefing held on the 5th.

Sigetronics, a Korean compound semiconductor specialist, is poised to begin supplying ultra-compact flip-chip sensors to major global smart wearable brands. These sensors are designed for integration into smartwatches and smart rings, enabling measurement of key health metrics such as heart rate and blood oxygen saturation.

At an investor relations (IR) event held on July 5 at the Korea Exchange in Yeouido, Seoul, CEO Duokho Cho stated,
“We developed the flip-chip sensor in close collaboration with a global industry leader, and it's currently undergoing quality evaluation. We anticipate positive news in the near future.”

Founded in 2008 and listed on the KOSDAQ in August 2023, Sigetronics operates its in-house M-FAB (Multi-Project Fab) in Wanju, where it manufactures ESD protection devices, optical sensors, and power semiconductors. The company is now aggressively targeting next-generation markets including mobility and wearable devices.




While Sigetronics’ sensors have already been adopted in smartwatches, this marks its first attempt to supply to smart ring manufacturers. The smart ring market is gaining momentum globally, with Samsung Electronics set to unveil its Galaxy Ring on July 10, joining existing players such as Oura (Finland), with other wearable tech brands preparing for mass production.

In addition, Sigetronics is actively promoting its products to Chinese wearable giants such as OPPO and Longcheer, the manufacturer of Galaxy Fit3, in a bid to expand its global sales channels.
While Cho refrained from giving specific forecasts, he noted:
“We’ve made significant investments for the future, and we expect this year or next to mark the beginning of tangible results.”

CEO Cho outlined five core growth strategies for the company:
Continued investment in R&D
Expansion of the M-FAB facility
Customized business strategies for key clients
Dual-track marketing approach
Active pursuit of new businesses, including M&A
He also emphasized that Sigetronics’ M-FAB currently has a monthly production capacity of 15,000 wafers, and that the company is committed to scaling up capacity and strengthening its sensor business for wearable devices.

THEElEC, July 5, 2024

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