Rumors that emerged last week that Acer (宏 其石) was planning to divest itself of controlling stakes in two semiconductor companies have proven untrue, after Acer announced yesterday that it will be reorganizing, not selling, its investments in the semiconductor industry.
According to a press release, the Acer group is shifting the companies under its Acer Semiconductor Group (ASG) to its X Business Unit (XBU). After the merger of Acer Semiconductor Manufacturing Inc (ASMI) with Taiwan Semiconductor Manufacturing Co (TSMC) in June, Acer management decided to bring its remaining semiconductor manufacturing base under its XBU umbrella. According to Acer, "This move will allow these semiconductor companies the freedom to develop their core competencies and take advantage of more business opportunities." Acer currently has no plans to sell its semiconductor company stock.
As part of the reorganization plan, Acer will retain majority ownership and management control over the remaining companies of the former ASG. The reorganization will reportedly not affect their internal organization or stock ownership. TSMC-Acer will continue its close business ties with the other Acer semiconductor companies, particularly with TSTC and ATI.
Acer Group Chairman and CEO Stan Shih
Shih continued, "though we have no short-term plans to sell our semiconductor stocks, we do not rule out the possibility of our semiconductor companies forming strategic alliances with other partners to enhance our long-term core competitiveness."
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