News
SARATOGA, CA – Recent statements by top foundries TSMC and UMC predicting utilization rates would increase in the second half are consistent with a leading research firm's forecast of a better second half.
TSMC said its capacity utilization would rise to 90% from 80% while UMC forecasts a 20 point hike, to 80%, respectively. The jumps are due to increases in orders.
LAGUNA, PHILIPPINES -- A pair of Asia-based EMS firms with numerous facilities in the Philippines and China plan to merge in a deal worth SGD201 million (US$120.5 million).
Under the proposed terms, Integrated Microelectronics Inc. will acquire all 376.2 million outstanding shares of Speedy-Tech Electronics Ltd.
The deal is expected to close in the December quarter.
Madison Grant Fund of Toronto and First Associates Investments Inc. will act as as selling agents to raise capital for the proposed financing, through the sale of certain Madison Grant fund units.
Adeptron intends to use the proceeds of the financing to redeem or
refinance outstanding notes payable and for working capital purposes to pursue
ongoing strategic growth opportunities.
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