JPMorgan has announced the Pixelplus Co., Ltd. American Depositary Receipt (ADR) program in conjunction with the company’s $36 million initial public offering.
Pixelplus is a South Korea-based developer of high-performance, high resolution and cost-effective complementary metal oxide semiconductor image sensors for use primarily in mobile camera phones and also for use in personal computer cameras and surveillance system applications.
As a fabless semi-conductor company, Pixelplus is focused on creating proprietary design technologies to develop image sensors with sharp, colourful and enhanced image quality, size efficiency and low power consumption.