Win Semiconductors Corp (Win Semi, 穩懋半導體), the world’s largest pure-play gallium arsenide foundry, yesterday said that it plans to spend NT$2.12 billion (US$76.42 million) to increase its stake in Iteq Corp (聯茂), aiming to expand the two firms’ partnerships to 5G infrastructure and autonomous vehicles.
Win Semiconductors is planning to acquire about 16.34 million shares of Iteq at NT$130 per share through a private placement, the Taoyuan-based company said in a statement submitted to the Taiwan Stock Exchange.
The move would increase Win Semiconductors’ stake in Iteq to 17.08 percent from 12.81 percent.
Photo: Screen grab from company Web site
Iteq manufactures copper-clad laminates, a material used in the printed circuit boards installed in networking devices, consumer electronics, vehicles and smartphones, the company’s Web site said.
The deal is part of a NT$6.5 billion fundraising plan by Iteq that includes the issuance of 500 million new shares, Win Semiconductors said, adding that Iteq plans to use the funds to repay bank loans and replenish operating capital.
Win Semiconductors is the biggest stakeholder in Iteq, with Dennis Chen (陳進財) chairing both firms.
Win Semiconductors said that it would not rule out the possibility of deepening its partnership with Iteq as the two firms are diversifying their businesses to 5G infrastructure equipment, networking and self-driving light-detection-and-ranging (LiDAR) sensors, Win Semiconductors spokesman Joe Tseng (曾經州) told an online media briefing.
In July, Win Semiconductors told investors that it expects high single-digit percentage revenue growth this quarter from NT$6.2 billion last quarter, driven by higher 5G smartphone penetration, as well as demand for 3D sensing components and LiDAR applications.
Gross margin would likely remain near the 35.7 percent it posted last quarter, the company said.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s
RSS