# ESMT board approves merger of subsidiaries PSI and EST

ESMT's board approved the merger of its wholly-owned subsidiary ELITE SEMICONDUCTOR MEMORY TECHNOLOGY INC. (PSI) with ELITE SILICON TECHNOLOGY INC. (EST), with EST being extinguished. PSI will pay cash consideration of NT$0.33 per EST share.

- Type: Acquisition
- Announced: 2022-04-28
- Where: TWN
- Status: announced
- Products: memory ICs, silicon technology
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ESMT](https://endata.com/companies/62571.md)
- [ELITE SEMICONDUCTOR MEMORY TECHNOLOGY INC.](https://endata.com/companies/62572.md) (acquirer)
- [ELITE SILICON TECHNOLOGY INC.](https://endata.com/companies/62573.md) (target)

## Sources

- [esmt.com.tw](https://www.esmt.com.tw/en/press-room/2022042803), 2022-04-28: "Integrating the Group's resources."

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