Business Daily Media

Men's Weekly

.

ASM Pacific Technology Expands Its Product Portfolio in Advanced Packaging with New Acquisition

  • Written by ACN Newswire
Singapore, Hong Kong, Apr 4, 2018 - (ACN Newswire) - ASM Pacific Technology Ltd. (ASMPT) has announced today that it has signed a definitive agreement with Tokyo Electron Limited (TEL) to acquire TEL NEXX, Inc. (NEXX). The deal is expected to close when approvals from the authorities have been received. The acquisition is another major step by the Group in pursuing their growth strategy of tapping onto new high growth markets and expanding their product offerings to the semiconductor advanced packaging market.

Established in 2001, NEXX is an industry leader in the Advanced Packaging market and has strong technological capabilities in the highly specialized Electrochemical Deposition (ECD) and Physical Vapor Deposition (PVD) technologies. This new business acquisition will be subsumed under the Back-End Equipment segment of ASMPT.

"This strategic acquisition complements our current offerings in Advanced Packaging applications and establishes ASMPT as a premier Interconnect Technology company, while supporting our commitment in driving innovation and delivering the highest value and innovative solutions to our customers. By combining NEXX's highly specialized ECD and PVD technologies, we see tremendous opportunity to grow our business in the Advanced Packaging market which is being driven by the dawn of the Data-Centric era." said Mr Lee Wai Kwong, CEO of ASMPT.

"ASMPT offers an exciting opportunity for NEXX to boost and expand its product offerings in advanced wafer level packaging, ECD and PVD. TEL believes that NEXX will benefit from greater synergies with ASMPT's outsourced assembly and test customers." said Toshiki Kawai, President and CEO of TEL.

"With the demand for semiconductor devices at a historical high, we are looking forward to an increased global customer footprint with ASMPT, as well as expanded sales and service capabilities for our customers", explains Tom Walsh, President of NEXX.

About ASM Pacific Technology LimitedAs a global technology and market leader, ASMPT (HKEX stock code: 0522), develops and provides leading edge solutions and materials for the semiconductor assembly and packaging industries. Its surface mount technology solutions are deployed in a wide range of end-user markets including electronics, mobile communications, automotive, industrial, LED and alternative energy.

Listed on the Hong Kong Stock Exchange since 1989, ASMPT is currently one of the constituent stocks on the Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under Hang Seng Composite Industry Indexes, the Hang Seng Hong Kong 35 Index and the Hang Seng Global Composite Index. To learn more about ASMPT, please visit our website at www.asmpacific.com[1].

About NEXX The NEXX Business was founded in 2001 and has developed Electrochemical Deposition (ECD) and Physical Vapor Deposition (PVD) processes supplying the Advanced Packaging markets. TEL acquired NEXX Business in 2012 and NEXX became a wholly-owned direct subsidiary of Tokyo Electron U.S Holdings, Inc.

For media enquiries, please contact:Hong KongMandy GoStrategic Financial Relations LimitedTel: (852) 2864 4812Email: [email protected][2]

SingaporeJoey NgSenior Manager, Corporate CommunicationsTel: (65) 6750 9567 Email: [email protected]Website: www.asmpacific.com[3][4]

Topic: Press release summarySectors: Daily Finance, Enterprise IT, Daily News[5][6][7] http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

References

  1. ^ www.asmpacific.com (www.asmpacific.com)
  2. ^ [email protected] (www.acnnewswire.com)
  3. ^ [email protected] (www.acnnewswire.com)
  4. ^ www.asmpacific.com (www.asmpacific.com)
  5. ^ Daily Finance (www.acnnewswire.com)
  6. ^ Enterprise IT (www.acnnewswire.com)
  7. ^ Daily News (www.acnnewswire.com)

Read more http://www.acnnewswire.com/press-release/english/42604/

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

pay.com.au appoints new CEO and Managing Director

The former COO will lead the company’s next growth phase, with ex-CEO Edward Alder transitioning into the role of Managing Director AUSTRALIA, 25...

Sell by LayBy