Telechips Inc. announced a private placement of 1,865,000 shares at an issue price KRW 17,670 per share for gross proceeds of KRW 32,954,550,000 on May 17, 2022. The transaction included participation from new investor LX Semicon Co., Ltd. for 350,000 shares for gross proceeds of KRW 6,184,500,000, and other investor. The transaction was approved by the board of directors of the company.

The transaction is expected to close on June 9, 2022. The company has issued securities through third party allotment method.