Nordic Semiconductor was initially founded as Nordic VLSI (NVLSI) in Trondheim, Norway in 1983. The company was formed by four post-graduates from the Norwegian University of Science and Technology. Initially the company focused on the design of mixed-signal application-specific integrated circuits (ASICs) within the Nordic region. In 1996, the firm went public on the Norwegian stock exchange, where it still trades . In 1998, NVLSI released their first wireless standard products in the 433 MHz ISM band. In 2003 NVLSI was renamed Nordic Semiconductor, often known as Nordic Semi, to reflect the company's full focus on ultra low-power wireless devices. The same year saw the release of Nordic Semiconductor's first wireless devices at 2.4 GHz. Since 2003, Nordic Semiconductor has maintained a clear focus on wireless products for the 2.4 GHz band and has seen its devices used in a wide range of branded consumer electronic products. Nordic Semiconductor maintains an especially dominant position in the wireless sports and fitness and wireless desktop peripheral markets.