SMIC joins China group for STATS ChipPAC takeover

Semiconductor Manufacturing International (SMIC) will be part of a group of China-based investors looking to buy STATS ChipPAC. The IC foundry has announced that its subsidiary SilTech Shanghai will participate in Jiangsu Changjiang Electronics Technology's proposed acquisition of the Singapore-based IC backend house.

from DIGITIMES: IT news from Asia http://ift.tt/1E61O0Q

via Yuichun