# Panjit acquires 95% stake in Torex Vietnam Semiconductor

Taiwan-listed Panjit International Inc approved the acquisition of a 95% stake in Torex Vietnam Semiconductor, a subsidiary of Japan-based Torex, located in Binh Duong province, Vietnam. The deal aims to expand automotive-grade power semiconductor packaging and testing lines.

- Type: Acquisition
- Announced: 2019-08-22
- Where: Vietnam-Singapore Industrial Park II, Binh Duong province, Vietnam
- Status: announced
- Products: semiconductor components, power semiconductor packaging and testing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Panjit International Inc](https://endata.com/companies/41524.md) (acquirer)
- [Torex Vietnam Semiconductor](https://endata.com/companies/41525.md) (target)
- [Torex](https://endata.com/companies/41526.md) (partner)

## Sources

- [en.vcci.com.vn](https://en.vcci.com.vn/economic-news/taiwan-semiconductor-giant-panjit-acquires-95-of-japan-based-torexs-vietnam-arm-113894), 2019-08-22: "The acquisition aims to expand product lines and introduce automotive-grade power semiconductor packaging and testing production lines, further strengthening its footprint in AI, automotive, power supply, and green energy sectors."

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