LB Semicon to invest $22.4M in PMIC capacity under 10-year Qualcomm deal

South Korea's LB Semicon plans to invest KRW30 billion (about $22.4 million) to expand its power management IC back-end capacity under a 10-year supply agreement with Qualcomm.

• PMIC capacity expansion investment: KRW30 billion (~$22.4 million)
• The Qualcomm supply agreement runs for 10 years
• LB Semicon specializes in chip packaging and testing