Yageo Corp (國巨), the world’s third-largest maker of multilayer ceramic capacitors (MLCC), yesterday said it has completed a tender offer for Japan’s Shibaura Electronics Co, and expects to take the Japanese firm completely under its corporate umbrella in the first quarter of next year.
Yageo said it completed the tender offer with an acceptance rate of 87.3 percent as of Monday, the deadline for the deal, far above the threshold of 50.01 percent of Shibaura, which the Taiwanese suitor described as a “globally recognized” maker of negative temperature coefficient (NTC) thermistors.
Under Japanese securities rules, Yageo said it would continue to acquire the remaining Shibaura shares and the acquisition is expected to be completed with the Japanese firm becoming one of its subsidiaries during the January-to-March period of next year.
Photo: Wen-Yee Lee, Reuters
Shibaura will be delisted from the stock market after the acquisition is completed in the first quarter of next year, Japanese news media reported yesterday.
Yageo said the buy-in seeks to expand its NTC thermistor business to a scale that will significantly boost the company’s global competitive edge. Under the deal, Yageo will lend support to Shibaura to strengthen its production capabilities in the Japanese market, while Shibaura is expected to take advantage of Yageo’s global marketing network and its broad customer base to gain a higher share of the global market, in particular in the Americas and Europe.
“This milestone represents a pivotal advancement in Yageo’s global strategy within the electronic components industry and reinforces our unwavering commitment to long-term investment in the Japanese market,” the Taiwanese company said in a statement.
Founded in 1977, Yageo has pursued growth through acquisitions in recent years, focusing on high-end passive component development.
Among its past deals, Yageo bought US-based Pulse Electronics Corp for NT$22 billion (US$716 million) in 2018, cementing its MLCC status, and acquired American counterpart Kemet Corp for US$1.64 billion in 2020.
In 2023, Yageo acquired Schneider Electric SE’s French-based Telemecanique Sensors in an all-cash deal worth 686 million euros (US$795 million) to strengthen its specialty electronic component business.
With a workforce of more than 40,000 worldwide, Yageo currently runs 61 production sites in 35 countries and 20 research and development centers.
Starlux Airlines Co (星宇航空) today unveiled a long-haul network expansion plan at a shareholders’ meeting in Taipei, including direct flights to Barcelona, Spain, and Zurich, Switzerland, as well as a service connecting Taipei, Sydney and New Zealand. Starlux is to become the first Taiwanese carrier to offer non-stop services to the two European cities, while the inaugural oceanic route is expected to expand transit opportunities within the Australia-New Zealand market, Starlux said. Flight services to Chicago, Dallas, Washington and New York are under evaluation, the airline added. Prior to the shareholders’ meeting, the airline earlier this year announced that it would be
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Nvidia Corp yesterday announced that CEO Jensen Huang (黃仁勳) would attend an employee meeting in Taipei tomorrow to celebrate the launch of the company’s Taiwan headquarters project. Huang would attend a gathering at the site of Nvidia’s planned headquarters in Beitou Shilin Technology Park (北投士林科技園區), the company said in a statement. After arriving in Taiwan on Saturday last week, Huang told reporters that he plans to meet with Quanta Computer Inc (廣達) chairman Barry Lam (林百里) and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman C.C. Wei (魏哲家), and would attend the groundbreaking ceremony for Nvidia’s Taiwan headquarters tomorrow. Nvidia has not yet applied
RSS