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.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.