Better technology, stronger together

JCET completes acquisition of STATS ChipPAC to ascend to a leading OSAT player globally.

China’s leading semiconductor packaging and testing company, Jiangsu Changjiang Electronics Technology (JCET, SHE: 600584), successfully completed the acquisition on Aug 5, 2015 of STATS ChipPAC, a leading provider of advanced semiconductor packaging and test services headquartered in Singapore.

This USD 780 mn transaction was originally announced on Dec 30, 2014, and was conducted through JCET-SC (Singapore) Pte. Ltd., a subsidiary of JCET.

This acquisition will escalate the combined entities to one of the world’s top outsourced semiconductor assembly and test (OSAT) players. As a combined group of companies, JCET and STATS ChipPAC offer a broader technology portfolio with significant manufacturing scale in key semiconductor geographies. The acquisition will also improve the competitiveness of the Chinese semiconductor packaging and test industry with a strong intellectual property (IP) and innovation portfolio built around advanced technologies acquired by JCET.

“The completion of our acquisition of STATS ChipPAC is an important step for us, and it presents an exciting win-win opportunity for both companies, supporting our long-term success,” said Xinchao Wang, Chairman of JCET. “Post acquisition, the combined entities will provide one of the most extensive product/service portfolios to a highly diversified customer base with wide geographical coverage. Our leadership position in advanced packaging technologies will be further strengthened through the acquisition. JCET and STATS ChipPAC are working together to deliver the substantial revenue and cost synergies for our investors.“

For more information, visit www.cj-elec.com or www.statschippac.com.

About JCET

Headquartered in Jiangyin, Jiangsu, China, JCET is the largest semiconductor packaging and testing company in China. JCET’s product portfolio covers leaded, discrete, laminate, bumping and WLCSP. JCET has four manufacturing facilities in Jiangsu and Anhui provinces in China.

JCET is a publicly-traded company in Shanghai Stock Exchange, and history of JCET dates back to 1972, when Jiangyin Transistor Factory was established. In 1998, Jiangyin Changjiang Electronic Industry Ltd. was incorporated, and two years later in 2000, with approval from Government of Jiangsu Province, Jiangyin Changjiang Electronic Industry Ltd. restructured to Jiangsu Changjiang Electronics Technology Co., Ltd. In 2003, as a major milestone in JCET history, JCET was successfully listed on Shanghai Stock Exchange.

About STATS ChipPAC

STATS ChipPAC is a leading provider of advanced semiconductor packaging and test services. STATS ChipPAC’s full turnkey semiconductor solutions include package design, bump, probe, assembly, test and distribution services.

With corporate headquarters in Singapore, STATS ChipPAC’s global manufacturing facilities are strategically located in South Korea, Singapore and China. STATS ChipPAC markets our services through our direct sales force in the United States, South Korea, China, Singapore, Taiwan and Switzerland.

STATS ChipPAC is listed on the Singapore Exchange Securities Trading Limited (SGX-ST).

Sources: www.cj-elec.com – www.statschippac.com