AMD and Nantong Fujitsu close on semiconductor assembly JV
The $436m will launch JV to expand the customer base for AMD
Chip designer AMD and Nantong Fujitsu Microelectronics Co Ltd (NFME) have announced that they have closed the transaction to create a joint venture offering differentiated assembly, test, mark, and pack (ATMP) capabilities to both AMD and a broader range of customers.
"Combining AMD's world-class teams and facilities in Penang and Suzhou with NFME's expertise in the growing assembly and test market will create a new outsource assembly and test leader with the scale and capabilities to help us deliver our upcoming high-performance technologies and products that can re-shape the industry," said AMD president and CEO Dr Lisa Su.
Su explained that: "The creation of this joint venture marks another step in building a more focused AMD as we complete our transition to a fabless business model, enhance our supply chain operations, and further strengthen our financial position."
Shi Mingda, chairman, Nantong Fujitsu, said: "AMD is a world class semiconductor provider with advanced flip chip packaging and test technologies. These capabilities are complementary with NFME's advanced packaging and test technologies, such as its flip chip and bump technology for the computing, communication and consumer market.
Mingda added that the establishment of this joint venture will elevate the competitiveness of NFME's flip chip packaging and test technologies to a world-class level.
"With this joint venture, NFME's advanced packaging and test capabilities will account for 70 percent of its total revenue, leading the entire industry and ranking among the top packaging and test companies in the world," Mingda said.