SEMITEC Electronics Vietnam Co., Ltd. announced that it will receive about ¥145 million in an equity round of funding on March 30, 2016. The transaction will include participation from returning investor, SEMITEC Corporation to retain 100% stake in the company. Post the closing, the capital of the company will increase from about ¥47 million to about ¥192 million.

The company expects to close the transaction by September 2016. The transaction has been approved by the board of directors of the SEMITEC Corporation.