HONG KONG -- Shanghai Samsung Semiconductor has taken a 2% stake in BYD Electronic, the contract assembly arm of BYD.

Shanghai Samsung Semiconductor reportedly paid 3 billion yuan ($449 million) to acquire 52.3 million shares, taking advantage of some 252 million new shares just made available by BYD.

BYD Electronic is manufactures handset components and performs PCB assembly for many leading handset manufacturers. It ranked 10th in the CIRCUITS ASSEMBLY Top 50 for 2015.

Register now for PCB West, the Silicon Valley's largest trade show for the printed circuit industry, taking place Sept. 13-15 in Santa Clara: pcbwest.com

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