RRP Semiconductor touches roof on foraying fabless semiconductor market with complete ASIC IP transfer
RRP Semiconductor is currently trading at upper limit of Rs. 315.65, up by 6.15 points or 1.99% from its previous closing of Rs. 309.50 on the BSE.
The scrip opened at Rs. 315.65 and has touched a high and low of Rs. 315.65 and Rs. 315.65 respectively. So far 2 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 315.65 on 06-Feb-2025 and a 52 week low of Rs. 15.00 on 02-Apr-2024.
Last one week high and low of the scrip stood at Rs. 315.65 and Rs. 286.00 respectively. The current market cap of the company is Rs. 430.04 crore.
The promoters holding in the company stood at 1.28%, while Non-Institutions held 98.72% stake in the company.
RRP Semiconductor has entered the fabless semiconductor market, marking a strategic shift towards independent design and development of semiconductor solutions. As part of this groundbreaking move, the company has successfully secured the complete intellectual property (IP) transfer of ASIC (Application-Specific Integrated Circuit) design from its technology partners in Europe. This achievement follows a series of high-level engagements between company officials and international technology leaders, ensuring the seamless adoption of advanced semiconductor design capabilities.
The newly acquired ASIC design competence enables the company to manufacture a wide range of automotive components and chips at scale. Currently, many of these components are being imported, presenting a substantial business opportunity. The estimated market potential is expected to grow from $25 million to over $100 million within two years of deployment. With this strategic move, the company is poised to redefine the semiconductor landscape by offering cutting-edge solutions to the global market.
RRP Semiconductor mainly trading into electronic parts to supply specified clients.
