JCET to acquire 80% stake in Sandisk Semiconductor Shanghai for $624M
JCET's subsidiary JCET Management plans to acquire 80% of Sandisk Semiconductor (Shanghai) from Sandisk China for about $624 million. The deal will create a joint venture with Western Digital, strengthening their partnership in advanced flash memory packaging and testing.
Productsadvanced flash memory packaging and testingiNAND flash modulesSD and MicroSD memory
“标的公司的经营活动和产品范围符合公司的战略和产品规划，本次交易完成之后，公司将进一步有效配置资源，扩大相关产品的市场份额。”cls.cn
- 4 sources
- cls.cn长电科技：子公司拟6.24亿美元收购晟碟半导体80%股权Mar 4, 2024
- beta.zhitongcaijing.com长电科技(600584.SH)拟约6.24亿美元收购晟碟半导体80%股权 加强与西部数据的合作Mar 4, 2024
- reuters.comChina's JCET to buy stake in flash memory facility from Western DigitalMar 4, 2024
- cbonds.comJCET Group Co., Ltd.: Announcement on Acquiring 80% Equity of Sandisk Semiconductor (Shanghai) Co., Ltd. by Wholly-owned Subsidiary Changdian Technology Management Co., Ltd.Mar 5, 2024
Summarized from public sources; check the original articles before acting on it.
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