WT Microelectronics to acquire Excelpoint Technology for S$232.2M

WT Microelectronics, through its subsidiary WT Semiconductor, will acquire 100% of Excelpoint Technology for S$1.93 per share, valuing the company at over S$232.2 million. The deal is expected to close in Q3 2022.

“WT Microelectronics Co., Ltd. and Excelpoint Technology Ltd. today announced that WT, through its wholly owned subsidiary WT Semiconductor Pte. Ltd., and Excelpoint have entered into a definitive agreement...”excelpoint.com

• 2 sources
• excelpoint.comWT Microelectronics Announces Acquisition of Excelpoint Technology to enhance product offerings and market expansion - ExcelpointApr 13, 2022
• wtmec.comWT Microelectronics | WT MicroelectronicsWT AdminApr 13, 2022

Summarized from public sources; check the original articles before acting on it.