Company News

IC design house APEC and wafer foundry AMPI sign strategic agreement

2009/2/6

On December 30, 2008, Taiwan-based IC design house Advanced Power Electronics Corporation (APEC) and the foundry service company Advanced Microelectronic Products (AMPI) announced an agreement for a strategic alliance to be implemented through a share swap, in order to strengthen cooperation on the production of power MOSFETs, power discrete and power IC devices.

The share swap took place on February 2, 2009, as agreed, with one APEC share exchanged for 2.48 AMPI shares. APEC issued 7.3 million new shares in exchange for a total of 18.104 million shares released by four of AMPI's major shareholders. The 7.3 million APEC shares account for 5.5% of APEC's expanded capital.

The emerging market for energy saving represents a huge demand for power devices including discretes and ICs. This alliance will significantly help both companies to enrich their deployment of power devices to this important market as well as increase their market share. This implementation of a virtual IDM model will also bring more efficiency through vertical integration in the development and production of these products. The partnership is expected to provide substantial value to both parties.