# ASMPT forms strategic joint venture for Materials segment

ASMPT announced an agreement to form a strategic joint venture involving its Materials segment with Wise Road Capital and Asia-IO Capital Management. ASMPT will hold a 44.44% minority stake, while the partners will hold 55.56%.

- Type: Partnership
- Announced: 2020-07-29
- Status: announced
- Products: lead frames
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ASM Pacific Technology](https://endata.com/companies/18453.md)
- [Wise Road Capital](https://endata.com/companies/5996.md) (partner)
- [Asia-IO Capital Management](https://endata.com/companies/48925.md) (partner)

## Sources

- [asmpt.com](https://www.asmpt.com/en/news-center/press-releases/asmpt-announces-strategic-joint-venture/), 2020-07-28: "ASMPT has announced that it reached an agreement to form a Strategic Joint Venture involving its Materials segment with key partners."
- [asmpt.com](https://www.asmpt.com/en/investor-relations/news-events/asmpt-announces-strategic-joint-venture/), 2020-07-28: "ASMPT has announced that it reached an agreement to form a Strategic Joint Venture involving its Materials segment with key partners."

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