|Day's Range||98.40 - 101.00|
|52 Week Range||77.40 - 105.50|
|PE Ratio (TTM)||15.48|
|Earnings Date||Oct 23, 2017 - Oct 27, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||106.10|
Taiwan's Powertech Technology said on Friday it had bought two of Micron Technology's interests in Japan in deals worth up to $132 million, part of its efforts to expand its presence in Japanese chip technology. It plans to buy a near 40 percent stake in wafer testing firm Tera Probe, which combined with its own holding will give it majority control of at least 51.2 percent.
Taiwan's Powertech Technology Inc said Friday it was terminating a share agreement with China's Tsinghua Unigroup Ltd, unraveling more than $2 billion in deal-making that the state-run Chinese giant had hoped to seal on the island. Powertech, a Taiwanese chip tester and packager, said the plan was being scrapped because a one-year period authorized by its shareholders to get the deal approved in Taiwan was about to lapse and local regulators had yet to give a green light. "In light of this, the board determined the private placement would not be completed within the timeframe authorized by shareholders," Powertech said in a statement.
TAIPEI/HONG KONG (Reuters) - Chinese state-backed technology conglomerate Tsinghua Unigroup Ltd is buying a 25 percent stake in Powertech Technology Inc for $600 million, becoming the largest shareholder in the Taiwanese chip packaging and testing company. The alliance, announced on Friday by both companies, is likely to help bolster the development of China's fledgling chip industry and comes after the Chinese tech group recently hired a veteran Taiwanese semiconductor executive. "We believe Powertech, with its ability in the assembly and testing industry, will be an important member in the semiconductor industry supply chain of Taiwan and China.