- Business
- ITM Semiconductor Co., Ltd. manufactures and sells components for secondary battery protection circuits worldwide. The company produces protection one chips (POC), protection module packages (PMP), battery packs, sensor module packages, battery management systems (BMS), wireless chargers, chip antennas including NFC solutions, touch screen panels (TSP), and related semiconductors for secondary batteries; it also supplies battery protection circuits for mobile devices, e-cigarettes, heated tobacco devices, and emerging applications in robots and defense. ITM Semiconductor operates production facilities in South Korea including headquarters and the Ochang second factory, Vietnam with four plants, Indonesia via a new manufacturing subsidiary established in 2025, the United States, and China. Founded on February 23, 2000, and headquartered at 60 Yangcheong 3-gil, Ochang-eup, Cheongju-si, Chungcheongbuk-do, South Korea, the company changed its name from ITM Co., Ltd. to ITM Semiconductor Co., Ltd. in April 2005 and listed shares on KOSDAQ in November 2019. Recent developments include securing a major order in 2025 from KT&G for heated tobacco devices Lil Hybrid 4.0 launching in 2026 with upgraded fast charging and pod display features, mass production start of miniaturized molded battery protection circuits for flagship mobile phones from mid-2025, patent registration in September 2025 for battery protection circuit packages enabling rapid charging expansion, establishment of an Indonesian heated tobacco plant in August 2025 to support KT&G demand and regional growth, and ongoing diversification into e-cigarettes, sensors, and new markets amid 22% year-on-year sales growth in electronic nicotine delivery devices to KRW 117.2 billion in 2024.