STATS ChipPAC to relocate Shanghai unit

Singapore

STATS ChipPAC's wholly owned subsidiary, STATS ChipPAC Shanghai, Co, Ltd (SCC), will be moving to a new manufacturing site in China.

"As we work with the local PRC authorities to develop a timeline to relocate SCC, our top priority will be to minimize any potential disruptions for our customers and employees. The relocation of SCC to a new site is expected to take place in late 2017," said Tan Lay Koon, president and chief executive officer, STATS ChipPAC. "Our goal is to select a new location that will be in close proximity to our current site. Once a new site has been identified, we will prepare a carefully phased transition plan with each of our customers to ensure a successful move."