After the transaction, Tsinghua will hold a 48 percent controlling stake in ChipMOS Technologies (Shanghai). ChipMOS was planning to allocate part of the NT$11.9 billion proceeds from the share sale to finance its driver IC capacity expansion in China via ChipMOS Technologies (Shanghai). ChipMOS expects its Shanghai subsidiary to double its revenue each year over the next three years and ultimately contribute about 30 percent to ChipMOS’ annual revenue, Cheng said. ChipMOS is also in talks with Tsinghua to build a new memorychip packaging factory in China, Cheng said. The company expects to book 2.29 billion yuan in asset disposal gains from the sale of its ChipMOS (Shanghai) holding to Tsinghua.

Source: Taipei Times November 30, 2016 16:01 UTC