Diodes Incorporated

Diodes Incorporated received approval from China's State Administration for Market Regulation to proceed with its planned acquisition of Lite-On Semiconductor. Closing is expected by the end of November 2020.

Diodes Incorporated updated the outside date for its acquisition of Lite-On Semiconductor from May 31, 2020 to December 31, 2020, to accommodate Chinese regulatory review. The company remains confident the transaction will close in the second half of 2020.

Diodes Incorporated provided an update on its acquisition of Lite-On Semiconductor, including a resolution by LSC to sell 16.5% of On-Bright Electronics to facilitate regulatory approval in China.

Consortium Orthosie Investment Holdings Ltd. is acquiring 100% of Shanghai-based On-Bright Electronics Inc. for NT$12.88 billion ($428 million), clearing the way for Diodes Inc. to acquire Lite-On Semiconductor Corp.

Diodes Incorporated plans to invest £47 million upgrading the Greenock semiconductor manufacturing plant it acquired from Texas Instruments, with £13.7 million support from Scottish Enterprise. The investment is expected to secure 300 jobs and make the plant a centre for development of sophisticated chips.

Scottish Enterprise is providing nearly £14 million as part of a £47 million investment deal for Diodes to upgrade its semiconductor wafer fabrication facility in Greenock, Scotland. The funding includes £12 million for R&D and £1.7 million for worker training.

Diodes Incorporated announced that Lite-On Semiconductor Corporation held a Special Meeting of Shareholders on October 25, 2019, during which the proposed acquisition by Diodes was discussed. The press release was issued on October 28, 2019.

Diodes Incorporated is investing £30 million to upgrade the Greenock wafer fabrication facility it acquired from Texas Instruments, with 300 staff now employed.

Diodes Incorporated signed a multi-year agreement to continue using yieldHUB's yield management system for at least the next five years.

Diodes Incorporated has entered into an agreement to acquire Lite-On Semiconductor Corporation (LSC) in a cash-based share swap transaction valued at approximately $428 million. LSC is a Taiwan-based supplier of power-related discrete and analog semiconductor devices.

Diodes Incorporated has entered into an agreement to acquire Texas Instruments' wafer fabrication facility and operation in Greenock, Scotland (GFAB). The facility has a potential capacity of up to 21,666 wafer starts per month.