# JCET completes acquisition of 80% stake in SanDisk Shanghai plant

JCET Management, a subsidiary of Jiangsu Changjiang Electronics Tech (JCET), completed the acquisition of an 80% equity stake in the Shanghai plant of SanDisk. The deal is worth US$624 million.

- Type: Acquisition
- Announced: 2024-09-25
- Where: Shanghai, China
- Value: $624.0M
- Status: completed
- Products: flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Jiangsu Changjiang Electronics Tech](https://endata.com/companies/80231.md) (acquirer)
- [SanDisk](https://endata.com/companies/80232.md) (target)

## Sources

- [scmp.com](https://www.scmp.com/tech/big-tech/article/3280961/china-chip-packaging-giant-jcet-takes-over-shanghai-plant-us-flash-memory-maker-sandisk), 2024-10-03: "Chinese chip-packaging and testing giant Jiangsu Changjiang Electronics Tech (JCET) has completed its acquisition of an 80 per cent equity stake in the Shanghai plant of US flash memory maker SanDisk."

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