WISeKey Stock Is Trading Higher On Supply Chain Investment Drive

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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