FINWIRES · TerminalLIVE
FINWIRES

Fadu Secures KRW15.2 Billion Enterprise SSD Controllers Supply Contract; Shares Rise 5%

-- Fadu (KOSDAQ:440110) secured an enterprise solid-state drive (SSD) controller supply contract from an undisclosed overseas NAND flash memory manufacturer, according to a Monday filing with the Korea Exchange.

The contract, valued at 15.2 billion won, is valid until Oct. 9.

Shares of the South Korean chipmaker rose nearly 5% in recent trade.

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