Source: Benzinga

SV Probe: Nidec to Acquire SV Probe Pte. Ltd., a Probe Card Manufacturer

KYOTO, Japan, Aug. 21, 2017 (GLOBE NEWSWIRE) -- Nidec Corporation (TSE:6594) (OTCMKTS:NJDCY) (the "Company" or "Nidec") today announced that the Company has agreed to acquire 100% equity shares of SV Probe Pte. Ltd. ("SV Probe"), a probe card manufacturer from Singapore-based Ellipsiz Ltd. (the "Transaction") through the Company's subsidiary, Nidec-Read Corporation. For this purpose, Nidec-Read entered into a stock purchase agreement on August 21, 2017 (Singapore time).1. Purpose and Background of the TransactionNidec-Read's main business is the development, manufacturing and sales of inspection equipment for semiconductor package substrates and printed circuit boards, as well as inspection fixture. In recent years, it has expanded its product portfolio into small capacitance measurement equipment for touch screen panels and optical inspection equipment for semiconductor wafers. Embedded electronic active/passive components in smartphones and IoT devices are required to be increasingly small and power efficient. Also, new semiconductor packaging technologies that created embedded electronic component substrates and Fan Out Wafers Level Packages (FOWLP)¹ are diversifying and tightening inspection requirements. Nidec-Read has sought for a new inspection method that responds to the foregoing development in semiconductor packaging and that ensures its mid- to long- term growth target. The acquisition of SV Probe is Nidec-Read's important step in that direction.SV Probe was established in the United States in 1994 as a manufacturer of probe cards for semiconductor wafer inspection, with footholds in Japan, Singapore, Taiwan, China and Vietnam.Through the Transaction, Nidec-Read expects to gain competitiveness in the inspection market by applying its MEMS spring probe² technology to the vertical ...Full story available on Benzinga.com

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SV TCL designs, manufactures and markets semiconductor testing products. Read more