# 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.

- Type: Acquisition
- Announced: 2024-03-04
- Where: Shanghai, Minhang District, China
- Value: $624.0M
- Status: announced
- Products: advanced flash memory packaging and testing, iNAND flash modules, SD and MicroSD memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [JCET](https://endata.com/companies/16865.md)
- [JCET](https://endata.com/companies/16865.md) (acquirer)
- [Western Digital](https://endata.com/companies/21541.md) (partner)
- [Western Digital](https://endata.com/companies/21541.md) (target)
- [Sandisk Semiconductor (Shanghai) Co., Ltd.](https://endata.com/companies/48931.md) (target)
- [Changdian Technology Management](https://endata.com/companies/76080.md) (acquirer)

## Sources

- [cls.cn](https://www.cls.cn/detail/1610199), 2024-03-04: "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。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1081210.html), 2024-03-04: "本次交易完成之后，标的公司将成为公司与西部数据分别持股80/20的合资公司，交易将有助于公司与西部数据建立起更紧密的战略合作关系，增强客户黏性。"
- [reuters.com](https://www.reuters.com/technology/jcet-buy-80-stake-sandisk-chinas-unit-2024-03-04/), 2024-03-04: "Chinese chip assembly and testing firm JCET Group said on Monday it plans to buy an 80% stake in a Shanghai flash memory facility owned by Western Digital."
- [cbonds.com](https://cbonds.com/news/2753559/), 2024-03-05: "Announcement on Acquiring 80% Equity of Sandisk Semiconductor (Shanghai) Co., Ltd. by Wholly-owned Subsidiary Changdian Technology Management Co., Ltd."

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