# IQE acquires full ownership of Singapore joint venture CSDC

IQE plc acquired the third-party shareholdings in its CSDC joint venture in Singapore, taking its ownership to 100 percent. The acquisition was for a nominal fee of USD 1 to WIN Semiconductors and SGD 1 to other shareholders.

- Type: Acquisition
- Announced: 2019-10-09
- Where: Singapore, Singapore
- Status: completed
- Products: compound semiconductor technologies, MBE-based products
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Win Semiconductors](https://endata.com/companies/22808.md) (target)
- [Nanyang Technological University](https://endata.com/companies/23940.md) (target)
- [IQE](https://endata.com/companies/26834.md) (acquirer)
- [CSDC Private Ltd](https://endata.com/companies/42654.md) (target)

## Sources

- [yolegroup.com](https://www.yolegroup.com/industry-news/iqe-acquires-singapore-joint-venture-cdsc/), 2019-10-09: "By taking the operation under 100 percent ownership, IQE says it is best placed to take the necessary steps to restructure the operation which is currently loss-making"
- [reuters.com](https://www.reuters.com/article/technology/uks-iqe-to-take-over-singapore-joint-venture-idUSKBN1WP0N6/), 2019-10-10: "Cardiff-based IQE Plc said on Thursday it would take complete ownership of its loss-making joint venture in Singapore"

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