REGIONAL GAMBIT:
Powertech’s subsidiary plans to acquire ON Semiconductor’s local operation for US$45m, adding Southeast Asian testing and packaging capacity
By Lisa Wang / Staff Reporter
Powertech Technology Inc (力成科技), the world’s largest memorychip testing and packaging service provider, yesterday said it plans to acquire the entire Philippine unit of ON Semiconductor Japan Holdings Ltd for US$45 million as part of efforts to navigate global supply chain realignment amid escalating geopolitical risks.The transaction will be conducted by its subsidiary Greatek Electronics Inc (超豐), a provider of logic chip packaging and testing services. Powertech holds a 43 percent stake in Greatek.“This move is a core component of the company’s mid-to-long-term growth strategy and directly aligns with major customers’ “Taiwan Plus One” approach to diversify their sourcing in recent years,” Greatek said in a company statement yesterday.
Powertech Technology Inc chairman Tsai Du-kung speaks at a news conference in Hsinchu on Oct. 24, 2023.
