|
|
|
IMI Completes Acquisition of PSi Technologies
|
|
|
|
| 8 October 2010 |
|
|
|
|
The Ayala group's electronics unit, listed Integrated Microelectronics Inc (IMI), has completed its $30 million acquisition of PSi Technologies Inc.
The deal made IMI and partner Narra Venture Capital II, a private investment firm that buys into technology companies in Silicon Valley, the majority shareholders in the independent semiconductor assembly and test-service company.
"The acquisition of PSi gives us a foothold in the growing convergence of power semiconductor assembly and test services and electronics manufacturing services,” IMI President and Chief Executive Arthur R Tan said.
"With a complementary capability to change the process of how a power semiconductor is built, we can now offer original equipment manufacturers an optimized power solution in a multichip module that combines the manufacturing expertise of IMI and PSi Technologies," Tan added.
IMI and Narra Venture Capital bought a 67 percent stake in PSi Technologies.
Source: BusinessWorld |
|
|
|
|
