# 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.

- Type: Acquisition
- Announced: 2019-04-03
- Where: Avezzano, Italy
- Value: $176.0M
- Status: announced
- Products: 150nm and 110nm processing, IGBTs, Fast Recovery Diodes
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [LFoundry](https://endata.com/companies/20369.md) (target)
- [SMIC](https://endata.com/companies/30427.md) (partner)
- [Jiangsu CAS-IGBT Technology](https://endata.com/companies/38490.md) (acquirer)

## Sources

- [eepower.com](https://eepower.com/news/smic-subsidiary-lfoundry-changes-ownership/), 2019-04-03: "We are setting the stage for a new era and we are satisfied with it."

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