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    Solomon Systech Announces Acquisition of Microchip Advanced Mobile Touch Technology Assets

    Solomon Systech, a listed company, announced that it will acquire Microchip's advanced mobile touch technology assets, and Solomon Systech will acquire Microchip's maXTouch semiconductor product and its derivatives, a related design database, and more than 500 patents, the transaction price Totaling a total of US $ 23 million in cash ...

    Solomon Systech (International) Limited ( "Solomon Systech"), a publicly traded company of China Semiconductor, announced the acquisition of Microchip Technology Incorporated's ( "Microchip") advanced mobile touch technology assets on November 1, 2016 . After the completion of the transaction, Solomon Systech will also have a series of rich touch chip and system solutions, especially high-performance OLED touch technology and first-class customers.

    "The acquisition of Microchip's mobile touch products and technologies is an important step in the strategic layout of the company's new display strategy," said Mr. Lee Wing Shun, Vice President of Semiconductors and Chairman of the Solomon Systech Board. "The Group is delighted to have access to these valuable technology assets, To further enhance the overall competitiveness of the Group, to promote the field of mobile touch business growth for the shareholders to create value.

    Solomon Systech is the world's leading supplier of display and touch chips, providing its customers with integrated circuits and system solutions for a wide range of display applications under its own brand name. Microchip touch business to join, powerful combination will enable Solomon Systech to become a new display industry to compete with international manufacturers of a new "aircraft carrier." Upon completion of the acquisition, Solomon Systech will acquire Microchip's maXTouch semiconductor product and its derivatives, a related design database, and more than 500 patents. MaXTouch in the touch market has long enjoyed a good reputation, widely used in mobile phones and tablet PCs in the field, and in the field of flexible OLED touch a leading position. At the same time, Solomon Systech can continue to sell maXTouch semiconductor products and its derivatives, will help win more market space, and promote business growth.

    "This transaction is an ideal fit for Solomon Systech's strategy, which is in line with our development strategy, as mobile touch is one of our key businesses," said Dr. Ye Qiqi, CEO of Solomon Systech. Touch technology, especially integrated touch and display (TDDI) and flexible OLED display, is expected to have strong growth potential.With these new and high-performance display technology and proven market-proven mobile display products, will greatly enhance our We are committed to expanding our product portfolio, highlighting our strengths, enabling our customers to drive growth and, at the same time, strengthening our technological capabilities and accelerating future innovation. "

    China National Semiconductor in the fall to achieve the national "2025 made in China, industrial 4.0, the national integrated circuit industry to promote the outline, information security industry, the new display industry" and other national strategic task. China Semiconductor will help Solomon Systech through resource optimization, open up the upstream and downstream industry docking, the establishment of a new display industry development of the ecological environment, to promote industrial development in China IC optimization and upgrading.

    Solomon Systech is a leading international semiconductor company, providing display integrated circuit chip and system solutions, is also a global market leader in PMOLED. 2013 September successfully developed the first Chinese mainland qHD AMOLED display driver integrated circuit chip.
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