✉news BusinessStartups first seen 2 d ago, last 2 d ago, peak #22
IDG Capital leads race for ASMPT's billion-dollar SMT unit
Original: IDG Capital leads race to buy ASMPT's billion-dollar SMT unit
IDG Capital has emerged as the frontrunner to acquire the SMT (surface-mount technology) equipment unit of Hong Kong-listed ASMPT, in a deal valued at around one billion dollars. ASMPT has been exploring a sale of the division, which makes equipment for electronics assembly, as it streamlines its business. The sale process has drawn interest from several buyers, with the Chinese investment firm currently ahead.
Why now: ASMPT's reported sale of its billion-dollar SMT unit is drawing attention as a major deal in the semiconductor equipment sector.
Evidence
- IDG Capital leads race to buy ASMPT's billion-dollar SMT unit · Startup Fortune
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