STATS Transfers Out Discrete Power Packages

(June 12, 2007) SINGAPORE &#151 As part of a long-term portfolio refocusing onto advanced products, STATS ChipPAC Ltd. signed a definitive agreement to sell select manufacturing assets to Ningbo Mingxin Microelectronics Co. Ltd. (Nigbo, Zhejiang, China), a high-volume manufacturer that caters to the power semiconductor market. Divesting assembly and test assets for discrete-power-package manufacture will allow STATS to concentrate resources on high-growth, advanced packages, explained Tan Lay Koon, president and CEO of STATS.


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