Smartkem completes first sale of Truflex semiconductor materials to partner

Smartkem (SMTK) has completed the first sale of its Truflex semiconductor materials to its joint development partner, Shanghai Chip Foundation, a manufacturer of semiconductor and integrated circuit devices, for use by Chip Foundation in the co-development of a new generation of microLED-based backlight technology for Liquid Crystal Displays. Smartkem is supplying its proprietary organic dielectric single layer material, or Redistribution Layer, to Chip Foundation to combine with its own microLED devices, for the joint development of microLED based device structures. Additional sales of RDL materials to Chip Foundation are expected to continue throughout 2025.