On the September 19, 2023, semiconductor design company AD Technology announced that they had signed a 22.1 billion WON (~ 16.6 million USD) automotive semiconductor ASIC design and development contract with Bos Semiconductor, a global fabless semiconductor company.

The contract period is from the September 19, 2023 to January 31, 2026. The total contract amount corresponds to 13.45% of AD Technology’s 2022 sales (KRW 164.2 billion).