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Dec 17th, 2011
PTI to invest in Greatek Electronics
Powertech Technology (PTI), a Taiwan-based OSAT providing DRAM packaging and testing services, plans to acquire common shares in Greatek Electronics, a provider of logic IC packaging and testing services, at US$0.83 per share for a stake of 30%-51%, according to a decision made by PTI's board of directors on December 15.
In view of continued stagnant demand for DRAM, PTI is making efforts to reduce packaging/testing of standard DRAM chips and shifting focus to logic ICs. With packaging/testing of logic ICs accounting for only 2% of total revenues, PTI plans to increase the revenue proportion through a strategic alliance with Greatek via the investment, according to PTI president Liao Chung-chi.
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