# Longsys to acquire 70% stake in PTI Suzhou

Shenzhen Longsys Electronics agreed to acquire 70% equity of Powertech Technology (Suzhou) from Powertech Technology Inc. The deal aims to build a local storage industry chain and enhance Longsys's packaging and testing capabilities.

- Type: Acquisition
- Announced: 2023-06-27
- Where: Suzhou, China
- Status: announced
- Products: memory chip packaging and testing, flash memory chips, memory chips, logic chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Powertech Technology](https://endata.com/companies/34511.md) (partner)
- [Shenzhen Longsys Electronics](https://endata.com/companies/71171.md) (acquirer)
- [Powertech Technology (Suzhou)](https://endata.com/companies/71172.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/to-build-a-local-storage-industry-chain-longsys-intends-to-buy-70-equity-of-pti-suzhou-301868023.html), 2023-06-30: "Longsys would acquire 70% equity of Powertech Technology (Suzhou) Limited"

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