EXCLUSIVE: Ideal Power Partners With Sekorm, Driving Expansion in China's Semiconductor Market
Portfolio Pulse from Anusuya Lahiri
Ideal Power Inc (NASDAQ:IPWR) has partnered with Sekorm Advanced Technology to distribute its products in China, targeting the industrial and automotive markets. This agreement is part of Ideal Power's strategy to expand its global reach through partnerships with distributors like Richardson Electronics and RYOSHO USA.
September 23, 2024 | 1:05 pm
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Ideal Power's partnership with Sekorm aims to expand its presence in China's semiconductor market, potentially increasing sales and market share in the industrial and automotive sectors.
The partnership with Sekorm is significant for Ideal Power as it targets the world's largest market for power semiconductors. This could lead to increased orders and potential design wins, positively impacting IPWR's revenue and market position.
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