Qnity Electronics Inc. has been added to the PHLX Semiconductor Sector Index, the company said, marking another milestone for the Wilmington, Delaware-based chip maker since its listing on the New York Stock Exchange under the ticker symbol Q.
The PHLX Semiconductor Sector Index is a modified market capitalization-weighted index that tracks the performance of the 30 largest eligible semiconductor companies listed in the United States.
Jon Kemp, chief executive officer of Qnity, called the inclusion "another important milestone for Qnity as a public company."
Qnity describes itself as a technology provider across the semiconductor value chain, offering solutions for semiconductor chip manufacturing and high-speed transmission within electronic systems. The company focuses on artificial intelligence, high-performance computing and advanced connectivity applications.
The index addition follows Qnity's recent listing on the New York Stock Exchange.
