Japanese silicon Holding company is set to be established at the end of next May | Fear of facing the challenge of the mainland seal testing plant

The Ministry of Commerce has the conditions to release the semiconductor seal test leading day moonlight combined with silicon, the day of the system said that February 2018 is expected to convene a provisional shareholder meeting, the fastest to complete the new holding company at the end of May. Industry insiders read, the Ministry of Commerce four conditions restrictions, for its anti-monopoly law retained a step chess, in terms of the restrictive conditions in the annex, is still somewhat strict, follow the sun and moon light and silicon products even if the national team, in the face of the recent emergence of the Jiangsu Long Power group, Qualcomm-rich micro-electricity, tin shui-hua-tian-feng-seal testing plant, the competitive challenge remains fierce Sun and Moon Light Speaking system said that the Japanese-silicon group holding company case formally obtained the approval of all antitrust authorities, sun and moon light and silicon products in June 2016 announced a group of Sun Moon Holding company, and immediately after the start to the national antitrust authorities to submit relevant applications, And in November 2016 and May 2017, respectively, the Taiwan Fair Trade Commission and the United States Federal Trade Commission, the approval of the Ministry of Commerce in November finally received the conditions of the anti-monopoly authority. Sun and moon Light is expected to convene a provisional meeting of shareholders in February 2018, the establishment of the holding company by the end of May, but the actual progress is still pending the review progress of the main authorities. The semiconductor industry believes that the Ministry of Commerce for the combination of the four restrictions on the Japanese-silicon, to the industry to buy together, is relatively strict, the previous MediaTek purchase and Morningstar experience a lengthy time. Taiwan's test industry hopes to form the national team against the red supply chain, but also must attack the mainland market, in the face of mainland policy to foster the semiconductor industry, in the sealing test, wafer foundry, IC design, such as supply chain strong rise, despite the successful combination of the moon and silicon products, the future in the sealing The survey industry also reported that the future of silicon, the moon of the Continental seal testing plant may have a sale or adjustment plan, but did not get positive confirmation. The Ministry of Commerce in the 81st issue of the annex to the document stressed that the sun-moon combination of silicon products for the global testing of the market may have to exclude, limit the competition effect, so the Ministry of Commerce put forward four restrictive conditions, require the moon, silicon products must fulfill their obligations, otherwise it will be dealt with by The four restrictive conditions include keeping the moonlight, the status of silicon as a legal person of independent competitor, the limit period of 24 months, the two sides according to the business Management mode and market practice before trading independently, and in the market competition; During the restriction period, the new holding company exercises the limited shareholder's right, including the right to obtain the dividend, the financial information, the temporary not to exercise other shareholder's rights, the two sides to develop the plan of the integration of the relevant plans, to seal the business matters other than the relevant business, then can be in the holding In addition, the two sides promised to provide services to clients without discrimination and to determine reasonably the price and other terms of the transaction. Finally, the two sides do not restrict customers to choose other suppliers, according to customer requirements to cooperate with the conversion of suppliers. Sun Moon, silicon new holding company every six months to the Ministry of Commerce to submit a report, and the additional restrictive conditions proposed by both parties to the final plan, the Japanese silicon are legally binding. Silicon products, said the announcement, will sell silicon Suzhou plant (silicon Technology) 30% stake to the mainland Violet Group, has also made big shareholder day of the moon's agreement. Due to the time point is quite sensitive, the industry interpretation of the mainland has conditions permitting the moon, silicon combination case, Mesa may be with the land factory and the moon, silicon products in the future cooperation way. Industry insiders speculate that the Violet group to obtain a 30% stake in the Silicon branch, will get a seat of the board, however, the Ministry of Commerce release Day Moonlight Combination of silicon, and Violet shares of the 30% stake in Silicon Branch, whether there is a conditional exchange and other rumors, did not get the positive confirmation of the company. Familiar with the survey, said the silicon sale of silicon shares, can strengthen the silicon group and the Violet Group's IC design exhibition, RDA's order cooperation relationship, with the silicon re-entry memory sealing field, silicon will strive for the purple-violet group of the Yangtze River storage, Xinhua third memory industry to seal large single, strengthen the layout of the mainland, Silicon has been indirectly invested in the mainland Silicon Electronics (Fujian), the Silicon branch in the land-invested shares, the future even have the opportunity to fight in the mainland listed cabinets. For the violet, can further strengthen in the memory of the field of seal measurement, but also value the excellent quality of the sealing technology and corporate culture, the two sides deepen cooperation can jointly explore the semiconductor market. The stake in the sale of silicon is about 1.026 billion yuan for the Violet group, which is expected to be used to strengthen the energy of advanced packaging research in Taiwan. The survey industry said that Taiwan's foreign seal testing company performance of the annual growth rate of only single-digit, but the Continental Power group, Qualcomm and other performance growth of micro-electricity as high as 20%-30%, Taiwan factory must seek more stable relations of cooperation and orders. As for the Violet group, including the smart phone, netcom, memory and other undertakings, also need to Taiwan's outstanding technical support for the sealing, the mainland is the world's key market can not be ignored, and for the mainland industry, the moon, silicon, for the three win situation is the most important direction.

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