WT Microelectronics to Acquire Future Electronics for US$3.8B
TAIPEI, Taiwan and MONTREAL, Canada, September 14, 2023 – WT Microelectronics Co., Ltd. (TAIEX: 3036) (“WT Microelectronics”) today announced that it has entered into a definitive agreement to acquire 100% of the shares of Future Electronics Inc. (“Future Electronics”) for an enterprise value of US$3.8 billion in an all-cash transaction. The strategic transaction is anticipated to deliver long-term, sustainable value to all relevant stakeholders including customers, suppliers, employees, and shareholders through the combination of two highly complementary organizations.
