Jiangsu CAS-IGBT Technology to acquire SMIC subsidiary LFoundry

Jiangsu CAS-IGBT Technology Co., Ltd. agreed to purchase 100% of the shares of LFoundry Srl, a subsidiary of SMIC, for about US$113 million in assets plus US$63 million in loan settlement. The acquisition is expected to be finalized at the end of June 2019.

“We are setting the stage for a new era and we are satisfied with it.”eepower.com

• 1 source
• eepower.comSMIC Subsidiary LFoundry Changing Ownership - NewsApr 3, 2019

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