ITM Semiconductor’s Vietnam unit hit by fraud and widening losses

A fraud case at ITM Semiconductor’s Vietnam subsidiary has exposed a deeper problem at the South Korean battery components maker: its Vietnamese operation is not only dealing with an employee embezzlement case, but also a sharp deterioration in its financial performance. In its 2025 annual report, ITM Semiconductor said it had recovered about US$2.47 million […] The post ITM Semiconductor’s Vietnam unit hit by fraud and widening losses appeared first on e27.