Integrated Micro-Electronics Inc (IMI) and Narra Venture Capital II have signed an agreement with PSi Technologies Inc, among others, for their acquisition of 67 percent of PSi, an independent semiconductor assembly and test-service provider to the power semiconductor market. The aggregate transaction value is approximately $30 million. Arthur Tan, IMI President and CEO, said, "With the growing convergence of power semiconductor assembly and test services and EMS, the impending purchase of IMI of PSi Technologies will enable the IMI group to enhance its service offering to its OEM customers.” www.global-imi.com |