# Tongxin Electronics acquires GTC for S$76.71 million

Tongxin Electronics has initiated a full-cash acquisition of GTC, the parent entity of Wanbang Technology, for S$76.71 million, representing a 129.31% premium, integrating testing capabilities with packaging under the Foxconn group.

- Type: Acquisition
- Announced: 2026-11-10
- Where: Hsinchu, TWN
- Value: $57.0M (76.7M SGD)
- Status: announced
- Products: IC and wafer testing services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tongxin Electronics](https://endata.com/companies/95769.md) (acquirer)
- [GTC](https://endata.com/companies/95770.md) (target)
- [Wanbang Technology](https://endata.com/companies/95771.md) (target)

## Sources

- [woofun.ai](https://woofun.ai/en/news/detail/119051), 2026-11-10: "Electronics has initiated a full-cash acquisition of GTC, the parent entity of Wanbang Technology, in a cross-border merger that underscores the strategic expansion of the Foxconn group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.