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STATS ChipPAC takeover group formed

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Published Mon, Dec 22, 2014 · 09:50 PM

Singapore

DETAILS have emerged on how China's biggest chip-packaging service provider Jiangsu Changjiang Electronics Technology Co (JCET) might fund its potential US$780 million purchase of Singapore semiconductor company STATS ChipPAC.

JCET will partner two independent parties. The first is SilTech Shanghai, a subsidiary of Shanghai-headquartered integrated circuit (IC) maker Semiconductor Manufacturing International Corporation (Smic).

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