SMIC Spansion Suzhou plant sale co-vacant - Spansion, SMIC - electronics industry

SMIC Spansion Suzhou plant sale co-vacant - Spansion

, SMIC - electronics industry

Semiconductor Plans to sell its located in Suzhou, a chip assembly and test plant. Surprisingly, then set the outside world were not previously agreed that the China Taiwan chip testing and packaging giant Advanced Semiconductor Engineering, but its competitors as a technological power.

Spansion and Powertech Technology in the U.S. time on August 25 announced the news, respectively. Spansion said the restructuring plan as part of the company has agreed to a price of about 31 million U.S. dollars in cash to its Suzhou plant in China to sell to Taiwan Powertech Technology. But Powertech Technology announced the acquisition amount was 51 million dollars.

Spansion AMD and Fujitsu by the divestiture-related businesses founded by and is currently the largest code-type flash memory (NORFlash) manufacturers. But since the establishment has since been facing difficulties profit. This year in March, Spansion filed for bankruptcy protection in the United States, then delisting from the Nasdaq Stock Market.

Associated with the sale of the Suzhou plant, clear thinking Spansion re-surfaced: the significant cost reduction by active weight-loss, and make a strategy shift its strategic focus, and strive in the fourth quarter of its financial difficulties. In this vein, Spansion and SMIC Cooperation Scheme to concern. Last year the two sides had planned to use the new core of the capacity of Wuhan Spansion flash memory chip production.

"We have suspended the current cooperation projects." Spansion companies Marketing Director JohnNation interviewed said.

This means that costly 12-inch Wuhan Xinxin Semiconductor Manufacturing may face "idle", which will bring huge financial burden on local government. Vote in local governments competing to build high-generation chips and the context of panel production line, Spansion's "misfortune" to remind people to rethink the issue of market risk: making good the product line, orders come from?

Into the landing force Notice under Powertech Technology Inc., Powertech Technology Inc., a wholly owned subsidiary of PowertechHolding (BVI) Inc. Will be 495.17 U.S. dollars per share to buy SpansionHoldings (Singapore) Pte.Ltd.'s 102,995 shares shares, thus becoming the Spansion (China) Co., Ltd. [Spansion (Suzhou) Ltd.China.] the parent company will pay 51 million U.S. dollars to holders of Spansion chips in Suzhou, China assembly and test facility, the transaction is awaiting government approval in Taiwan.

Announced transaction price for the difference between the two sides, Spansion China News Service director, Chen Dong explained that because the state is in bankruptcy protection to bring uncertainty, announced 31 million dollars transaction price will be adjusted, so There may be different.

Scale measure of income, Powertech Technology is now the world's largest memory chip testing and packaging services. Powertech Technology July revenues of NT 2.65 billion, the highest single month this year, a new high. Company expects third quarter revenue of 8.0 billion NT will challenge the mark from the previous quarter growth of 12%. IC packaging and testing industry in China now there are not any investment. IC packaging and testing with Feisuo Su

state factories, announced the formal power to enter into the mainland market, IC packaging and testing. It is understood that the acquisition of Powertech Technology Spansion Suzhou facility is the world's four major IC packaging and testing centers, established in 1998, currently has 565 employees, primarily engaged in the downstream chip packaging and testing work.

Force into taking over the former, another major Taiwanese IC packaging and testing company Advanced Semiconductor Engineering has been actively discuss cooperation with Spansion. The two sides jointly announced last year to set up a joint venture co-owned packaging and testing plant in Suzhou. However, Spansion filed for bankruptcy protection earlier this year, the former CEOBertrandCambou step down after the sudden change of co-operation plans.

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