# Manufacturing Integration Technology to sell semiconductor business for S$84.5M

Manufacturing Integration Technology entered a share purchase agreement to sell its wholly-owned unit MIT Semiconductor to Ningbo MIT Semiconductor Company, a vehicle of CFTC, for an estimated S$84.5 million.

- Type: Acquisition
- Announced: 2018-07-18
- Where: Singapore
- Value: $62.0M (84.5M SGD)
- Status: announced
- Products: semiconductor equipment
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Manufacturing Integration Technology](https://endata.com/companies/33204.md)
- [MIT Semiconductor](https://endata.com/companies/33205.md) (target)
- [Ningbo MIT Semiconductor Company](https://endata.com/companies/33206.md) (acquirer)
- [CFTC](https://endata.com/companies/33207.md) (investor)

## Sources

- [businesstimes.com.sg](https://www.businesstimes.com.sg/companies-markets/manufacturing-integration-technology-sell-semicon-business), 2018-07-18: "Manufacturing Integration Technology is looking to dispose of its semiconductor business for an estimated price of S$84.5 million."

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