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.
PERSISTENT RUMORS: Nvidia’s CEO said the firm is not in talks to sell AI chips to China, but he would welcome a change in US policy barring the activity Nvidia Corp CEO Jensen Huang (黃仁勳) said his company is not in discussions to sell its Blackwell artificial intelligence (AI) chips to Chinese firms, waving off speculation it is trying to engineer a return to the world’s largest semiconductor market. Huang, who arrived in Taiwan yesterday ahead of meetings with longtime partner Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), took the opportunity to clarify recent comments about the US-China AI race. The Nvidia head caused a stir in an interview this week with the Financial Times, in which he was quoted as saying “China will win” the AI race. Huang yesterday said
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
MORE WEIGHT: The national weighting was raised in one index while holding steady in two others, while several companies rose or fell in prominence MSCI Inc, a global index provider, has raised Taiwan’s weighting in one of its major indices and left the country’s weighting unchanged in two other indices after a regular index review. In a statement released on Thursday, MSCI said it has upgraded Taiwan’s weighting in the MSCI All-Country World Index by 0.02 percentage points to 2.25 percent, while maintaining the weighting in the MSCI Emerging Markets Index, the most closely watched by foreign institutional investors, at 20.46 percent. Additionally, the index provider has left Taiwan’s weighting in the MSCI All-Country Asia ex-Japan Index unchanged at 23.15 percent. The latest index adjustments are to
RSS