Taiwan-Asia Semiconductor, a leading manufacturer of sensing semiconductor components, announced a significant restructuring plan today, detailing the separation of its 8-inch Gallium Nitride (GaN) business group into Taiwan-Asia Semiconductor, a wholly-owned subsidiary. This move, intended to streamline operations and boost the Taiwan-Asia Group’s competitive stance in the global market, involves the transfer of assets and revenue to Taiwan-Asia Semiconductor in exchange for ordinary shares.
Set for discussion at the shareholders’ meeting on May 28, 2013, the division’s base date is provisionally marked as August 30, 2013. Taiwan-Asia Semiconductor anticipates this strategic split to be valued at NT$1 billion, aiming to enhance specialization and overall business performance.
Yi Champion, General Manager at Taiwan-Asia Semiconductor, expressed his commitment to advancing the GaN division, highlighting ongoing efforts to optimize production capabilities and expedite the verification process with clients. Customer feedback suggests that the performance of several GaN wafers is on par with top-tier manufacturers, reinforcing the potential for significant contributions to the group’s revenue in the current year.
Li Kuo-Kuang, Chief Strategy Officer, outlined the Taiwan-Asia Group’s systematic investments across the supply chain and subsidiary planning, aligning with strategies by Dai Zhenjia of Nichia Chemical. The focus is on diversifying investments in third-generation compound semiconductors, visual displays, IC design, and AI testing equipment, with several IPO endeavors already underway.
The separation of the GaN business group is part of a broader plan to list subsidiaries, starting with Xingya Vision Technology’s IPO application, set for submission in Q3 of this year. This move marks the beginning of Taiwan-Asia’s phased IPO strategy, positioning it as a leader in the semiconductor component industry while transitioning towards a holding company structure.
Through this strategic reorganization, Taiwan-Asia Semiconductor aims to capitalize on the growing demand for GaN technology, setting a course for long-term growth and industry leadership.
