# Jita Semiconductor to merge with Advanced Semiconductor

Jita Semiconductor and Advanced Semiconductor announced a merger agreement on October 30, 2018, under which Jita will absorb Advanced Semiconductor by paying approximately RMB 2 billion to shareholders. Advanced Semiconductor will be delisted and dissolved.

- Type: Acquisition
- Announced: 2018-10-30
- Where: China
- Value: $290.0M (2.00B CNY)
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Advanced Semiconductor Manufacturing Corporation](https://endata.com/companies/23742.md) (target)
- [Shanghai Jita Semiconductor Co., Ltd.](https://endata.com/companies/31784.md) (acquirer)
- [Jita Semiconductor](https://endata.com/companies/35228.md) (acquirer)
- [Huada Semiconductor Co., Ltd.](https://endata.com/companies/35229.md) (partner)

## Sources

- [21ic.com](https://www.21ic.com/news/mcu/201810/844110.htm), 2018-10-31: "Advanced is currently in urgent need of new plant construction to ensure the company's competitive advantage in the market."
- [m.chinaflashmarket.com](https://m.chinaflashmarket.com/news/industry/163809), 2018-11-02: "积塔半导体与先进半导体宣布合并"

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