Hua Chen Investment Co., Ltd announced that it expects to receive TWD 1 billion in funding from Orient Semiconductor Electronics, Limited
October 25, 2021
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Hua Chen Investment Co., Ltd announced that it will receive TWD 1,000,000,000 in a round of funding from returning investor Orient Semiconductor Electronics, Limited on October 26, 2021. The company will issue common shares in the transaction. Post the closing of the transaction, the investor will continue to hold 100% stake in the company. The transaction was approved by the board of directors of the investor.
Orient Semiconductor Electronics, Ltd. is a Taiwan-based company principally engaged in the research and development, design, manufacture and sales of integrated circuits (ICs) and electronic products. The Company operates through two business segments. The Electronic Manufacturing Services (EMS) segment includes printed circuit board (PCB) layouts, design for manufacturability (DFM) services, design for testing (DFT) services, prototype integration services, PCB assembly, function and reliability testing services and system integration services, among others. The IC Services segment includes the packaging and testing services of ICs and other semiconductor components. The Company operates businesses in domestic and overseas markets.