WT Microelectronics to acquire Maxtek Technology for NT$1.9 billion

WT Microelectronics announced plans to fully acquire Maxtek Technology for about NT$1.9 billion (US$62.2 million), expanding its presence in the consumer electronics chip market. The deal is expected to close on October 1, 2017, subject to shareholder approval.

“Maxtek would complement WT Microelectronics, helping it distribute a wider range of niche semiconductors, including chips for TVs, LCD panels, servers, set-top boxes and touch sensors.”taipeitimes.com

• 2 sources
• taipeitimes.comWT expanding chip business with Maxtek purchase - Taipei TimesApr 6, 2017
• ec.ltn.com.tw文曄併購宣昶 10/1股份轉換 - 自由財經Apr 6, 2017

Summarized from public sources; check the original articles before acting on it.