Yageo Corporation unveiled an unsolicited takeover bid for Anpec Electronics, offering NT$229.8 ($7.15) per share for up to 28.5% of the power chip designer in a deal potentially worth NT$48.9 billion ($1.52 billion).
The Taiwanese passive components giant announced the hostile acquisition attempt Tuesday, targeting between 3.73 million and 21.3 million shares of Anpec through a tender offer running until October 1. The bid represents a 20% premium to Anpec’s Tuesday closing price of NT$191.5, which fell NT$2 during trading.
Chairman Chen Tai-ming, known for his aggressive acquisition strategy, frames the move as a financial investment designed to generate stable returns. However, industry analysts view it as part of Yageo’s broader push into semiconductor design and integrated component solutions.
The timing proves particularly aggressive, coming while Yageo pursues a separate ¥65.57 billion ($429 million) takeover of Japan’s Shibaura Electronics in a heated bidding war with MinebeaMitsumi. Combined, both transactions would exceed NT$20 billion, marking Yageo’s most ambitious acquisition spree.
Anpec, founded in 1997 as Taiwan’s first listed power IC design company, specializes in mixed-signal power chips and sensors for laptop computers, DDR memory, graphics cards and automotive applications. The company ranks 26th among Taiwan’s IC design firms with annual revenue of approximately $190 million.
Yageo’s expansion beyond passive components reflects the company’s strategy to offer comprehensive electronic solutions rather than individual components. The firm previously invested in power management IC manufacturer eEver Technology and partnered with Foxconn on MOSFET specialist Fucheng Technology.
Anpec declined to comment on the unsolicited offer. The acquisition requires a minimum 5% stake to proceed, with Yageo seeking regulatory approvals for the cross-border component of its expansion strategy.
