FLAIR:Zentel ‘is good at developing niche memory chips for consumer electronics, networking devices and computer-related devices,’ AP Memory’s Brian Hsieh said
Taipeik Times
Date: Sep 05, 2016
By: Lisa Wang / Staff reporter
Memorychip designer AP Memory Technology Corp (愛普科技) said it is to launch a NT$985 million (US$31.07 million) cash takeover bid for local rival Zentel Electronics Corp (力積電子) to expand into the Internet of Things (IoT) market.
The offer is the latest in a slew of mergers and acquisitions in the nation’s semiconductor industry, topped by a NT$128.7 billion acquisition bid by Advanced Semiconductor Engineering Inc (ASE, 日月光半導體) to absorb rival Siliconware Precision Industry Co (SPIL, 矽品精密).
AWAITING APPROVAL
ASE, the world’s largest chip tester and packager, is awaiting the approval of fair-trade authorities around the world before it can proceed with the transaction.
“AP Memory focuses on developing memory chips used in communications electronics, while Zentel has been good at developing niche memory chips for consumer electronics, networking devices and computer-related devices,” AP Memory chairman Brian Hsieh (謝再居) told a media briefing on Friday night. [FULL STORY]