# Gaon Chips signs 5.9 billion KRW ASIC contract with Telechips

Gaon Chips signed a contract with Telechips for the design, development, and supply of application-specific integrated circuits (ASIC) worth 5.9 billion KRW. The contract period runs from July 30, 2022 to March 17, 2023.

- Type: Contract
- Announced: 2022-08-31
- Where: South Korea
- Value: $4.40M (5.90B KRW)
- Status: completed
- Products: application-specific integrated circuits (ASIC)
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Telechips](https://endata.com/companies/49972.md) (customer)
- [Gaon Chips](https://endata.com/companies/65032.md) (supplier)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2022083114515067543), 2022-08-31: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.