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HC SemiTek acquired MEMSIC breakthrough, successfully passed CFIUS audit

Source: Time:2017-05-12 16:34:17 views:

        HC SemiTek (300323) announced that the company received a confirmation letter from CFIUS on May 9, the company acquired 100% stake in Harmony Core (Yiwu) Optoelectronics Technology Co., Ltd., and the acquisition of 100% stake in the acquisition of MEMSIC, Inc. by Harmony Core Photonics CFIUS audit.

        The transaction is subject to the completion of the previous transaction delivery, the company's board of directors to review, the company's shareholders to consider the adoption of the General Assembly, the Commission approved, the Ministry of Commerce agreed to the procedures, whether the approval and the final approval of the time there are uncertainties.

        Huacan photoelectric is the industry that in recent years, China's semiconductor industry overseas M & A activities in a major impact on the event, CFIUS audit is one of the key. According to the company's introduction, through the CFIUS audit, this acquisition has almost no obstacles, the rest is only in accordance with the provisions of the completion of the corresponding procedures.

        It is understood that on October 14, 2016, Huacan photoelectric held the 32nd meeting of the second board of directors, considered and approved the issuance of shares to buy assets and raise funds and related transactions related to the motion.

        Public information, MEMSIC mainly engaged in microelectromechanical systems (MEMS) product development, manufacturing and sales, its main products for the accelerometer and magnetic sensors, products widely used in smart phones and other fields.

        2007 in the United States Nasdaq listed, is the world's first microelectromechanical technology (MEMS) listed companies. Subsequently, after a comprehensive consideration, MEMSIC was reorganized, the original sensor business segment and system integration business segment was split, after the completion of the reorganization of the MEMSIC only retain the sensor business.

        And HC SemiTek since its inception has been engaged in LED epitaxial wafers and chip research and development, production and sales operations, the main products for the blue epitaxial wafers and full color LED chip. At present, the company's main business is mainly for the production and sale of high-brightness LED epitaxial wafers and chips, LED chip package can be widely used in full-color display, backlight and lighting applications in high-end areas. With the acquisition of blue crystal technology, the company added sapphire single crystal, epitaxial substrate and other sapphire window materials business.

        After the acquisition, HC SemiTek will be able to quickly enter the field of promising MEMS sensors. MEMS sensor industry as a semiconductor industry chain in a sub-sectors, in the aviation, aerospace, automotive, biomedical, environmental monitoring, military and people's daily life in the consumer electronics have a very broad application prospects, with the intelligent The advent of the times, consumer electronics, medical electronics, Internet of things is expected to drive the rapid development of MEMS sensors into a new round of rapid growth.

        It is worth mentioning that the current HC SemiTek is the mainstream domestic LED packaging and application of the main LED chip suppliers, with major customers long-term, stable relations of cooperation will help companies to fully share the LED downstream applications in the broad market, Promote the rapid growth of the company's business. The company has been "to do the best LED products, do the best LED business" for business purposes, with particular attention to the strategic win-win with downstream customers.

         Of course, through the unremitting efforts in recent years, HC SemiTek to gradually establish a high-quality LED chip manufacturers a good brand image, the majority of customers accumulated a good reputation and market reputation, the company's products are increasingly access to downstream packaging and Application customers widely recognized.

        For HC SemiTek, through the capital market to actively carry out strategic M & A expansion, to further improve the status of the industry is the company's current key strategy.

        The future period is a period of intense competition in the industry to promote the development of large-scale mergers and acquisitions, HC SemiTek will actively seek a variety of strategic expansion opportunities for healthy development, in order to further improve the company's position in the global industry to lay the foundation.

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