Phison Electronics Corp. plans to sell nearly half of its stake in Chinese storage maker Shenzhen Hosin Electronics for NT$12.26 billion ($171 million) as part of its strategy to optimize assets and invest in Taiwan operations.
The company’s subsidiary Core Storage Electronic will sell 53.3 million shares, representing about 24.43% ownership, to six buyers at 23 yuan per share. After the transaction, Phison will retain a 23.69% stake in Hosin Electronics.
CEO Pan Chien-cheng said the sale is expected to generate NT$4.4 billion in pre-tax gains, though final figures will be subject to audit. The proceeds will primarily fund research and development at the company’s Taiwan headquarters to strengthen its position in the NAND storage industry.
The move reflects Phison’s efforts to reallocate resources toward higher-growth NAND storage operations while maintaining financial flexibility. The company specializes in customized storage solutions and aims to expand its global presence in the memory chip market.
