Fadu Secures SSD supply contract from Macnica Galaxy; Shares Decline 3%

MT Newswires Live

11/05

Fadu (KOSDAQ:440110) secured an order from Macnica Galaxy for the supply of enterprise solid-state drive (SSD) controllers, according to a Wednesday filing with the Korean Exchange.

The contract, valued at 21.6 billion won, represents 49.6% of the firm's total sales in 2024, the filing said.

Shares of Fadu fell more than 3% in recent trade.

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