January 3,According to EDAILY, ITM Semiconductor (084850), a Korean secondary battery protection circuit technology company, announced that it has signed a new e-cigarette product development service contract with Korea Tobacco (KT&G). According to the contract, in addition to the existing mass-produced "Lil Hybrid", it will also supply four KT&G equipment products including strategic models planned for export in 2025.
KT&G:Plans to mass-produce 4 export-oriented e-cigarette devices in 2025
位于忠清北道清州市梧仓科学工业园区的 ITM 半导体总部全景(照片来源:ITM 半导体)
 
The new e-cigarette device developed this time is a special model for export. If mass production goes as planned, additional sales are expected to start in the second half of this year. ITM Semiconductor expects e-cigarette sales to grow more than twice as fast as in 2024.
During the contract period, development verification, trial production verification, and mass production verification will be carried out, and mass production is planned to start this year and achieve large-scale supply by 2026.
ITM Semiconductor plans to strengthen its own technology research center to meet the customer's product quality standards and fully complete all achievements within the contract period through organic collaboration with the sales department.

KT&G:Plans to mass-produce 4 export-oriented e-cigarette devices in 2025

Baek Cheol-seung, head of ITM Semiconductor's Future Business Unit, said: "The global e-cigarette market is currently growing rapidly, and we are preparing to supply products to customer companies at the right time and place to meet customer needs. We will continue to build a system that can produce diversified e-cigarettes through continuous technological development.

It is reported that ITM Semiconductor was established in 2000. It is a Korean company specializing in the production of polymer lithium battery secondary protection ICs. Its main products are mobile phone battery protection circuits.

It will start manufacturing electronic cigarette devices and cartridges for Korea Tobacco in 2022, and will begin exporting to Malaysia in February 2023, and will actively expand to other countries and regions where it can be sold.In response to the continued growth of the global e-cigarette market, the company has completed equipment expansion at its domestic and Vietnam factories and plans to make additional equipment investments.
source:EDAILY
原文始发于微信公众号(艾邦新消费电子资讯):KT&G:Plans to mass-produce 4 export-oriented e-cigarette devices in 2025

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