- Fabless cybersecurity and IoT company WISeKey International Holding Ltd WKEY announced a significant investment in its supply chain transformation to counter the lockdown-induced demand explosion of IoT devices and consumer products amid the ongoing semiconductor crisis.
- The crisis is expected to loom till 2022.
- The company's secure chips are embedded in routers, modems, energy-smart meters, drones, and medical devices to protect data, communication, and firmware against cyberattacks.
- Price action: WKEY shares traded higher by 3.32% at $10.90 in the premarket session on the last check Monday.
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