PTT Public Company Limited announced that the board of directors of NewVersal Company Limited at the meeting held on 5 February 2024 approved the establishment of FT1 Corporation Limited, a joint venture company with Hana Microelectronics Public Company Limited with the registered capital of THB 1 million. NewVersal and HANA hold 51% and 49% of the shares in FT1, respectively. The objective of the company establishment is to study the possibility of the investment in the smart electronics industry, which is one of Thailand's strategic focus industries to enhance the country's competitiveness.

FT1 has completed its registration on 28 February 2024.