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Thai chip designer plans IPO to fund R&D for 5G applications

Silicon Craft expects surge in demand, especially for animal tags and motion sensors

Thailand's Silicon Craft aims to be the world's No. 1 animal tag microchip supplier within four years.   © Reuters

BANGKOK -- Thailand's leading microchip designer Silicon Craft Technology has announced its plan to debut on the country's stock exchange following the subscription period later this month.

The Bangkok-based company is poised to expand its development capability, as it expects the spread of fifth-generation (5G) telecom technology will push up demand for microchips for internet of things applications. The chip company is putting particular focus on chips for animal tagging.

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