KoAsia Supplies Core Chips for Heated Tobacco Devices to Jiangsu Province, China: "Entering the World's Largest Tobacco Market"

[Asia Economy Reporter Hyunseok Yoo] CoreAsia, a system semiconductor design solution specialist company, announced on the 13th that it will supply an integrated core chip (One-Chip) for heated tobacco electronic cigarettes to Jiangsu Tobacco, Jiangsu Province, China. This supply will be made through the designated development company of Jiangsu Tobacco and is scheduled to be supplied sequentially from mid-year.

Jiangsu Province is a major provincial-level administrative region in China with a population of about 80 million, including cities such as Suzhou and Nanjing. It is also a region where domestic companies such as SK Hynix and POSCO have entered.

A company official said, "China is the world's largest tobacco market, and heated tobacco electronic cigarettes have just begun to bloom," adding, "We hope to gradually expand throughout China starting with this supply to Jiangsu Province."

He continued, "We plan to strengthen business operations against volatility such as Chinese government policies and regulations and continuously upgrade products that can satisfy the consumption desires of Chinese smokers."

China is considered the world's largest tobacco market by smoking population and also ranks first in electronic cigarette production. Tobacco production and distribution in China are centered on China Tobacco, with four major municipalities and 23 provinces acting as subordinate agencies for consignment sales (production and sales).

Once detailed laws and regulations such as the China Tobacco Monopoly Law are completed, the domestic heated tobacco electronic cigarette market for Chinese companies is expected to grow into the world's largest market. Currently, CoreAsia is building close cooperative relationships with companies such as Smoore, RAIN, and First Union.

Last year, CoreAsia developed an integrated core chip for heated tobacco electronic cigarettes through its semiconductor design subsidiary CoreAsia Semi and Nexel. It integrated three essential chips for heated tobacco electronic cigarettes?▲Microcontroller Unit (MCU), ▲Low Dropout Regulator (LDO), and ▲USB Charger?into one. Applying the integrated chip can reduce manufacturing costs by about 40% compared to existing costs and significantly reduce the circuit board size, increasing space utilization.

This content was produced with the assistance of AI translation services.