Bengaluru, June 6 -- The shares of the prominent semiconductor company hit 5 percent upper circuit in today's trading session after the company announced a collaboration with Pro Asia Semiconductor Corporation, Taiwan.

With a market capitalization of Rs 2,204.97 crore, the shares of RIR Power Electronics Ltd were trading at Rs 2,873.40 per share, increasing around 4.97 percent as compared to the previous closing price of Rs 2,737.05 apiece.

The shares of RIR Power Electronics Ltd have seen positive movement after announcing a collaboration with Pro Asia Semiconductor Corporation, Taiwan, for the manufacturing expansion of 1200V Silicon Carbide (SiC) Diodes. This move strengthens global supply capabilities, enhances market access in Sout...