Sai Microelectronics: plans to acquire Elmos automotive chip manufacturing line for 600 million yuan
Dec 14,2021
According to the announcement by Sai Microelectronics, the company’s wholly-owned subsidiary of Sweden Silex intends to acquire 84.5 million euros (including 7 million euros of work-in-progress payments) (converted into RMB 607 million) to acquire Elmos, a company listed on the Frankfurt Stock Exchange in Germany, located in northern Germany. Assets related to the automotive chip manufacturing production line in Dortmund, Rhine-Westphalia.
Through this acquisition, the company will further expand its core business of sensor and chip process manufacturing to the automotive electronics field.
According to Sai Microelectronics, in order to further expand the company’s core core business sensor and chip process manufacturing business scope to the automotive electronics field, quickly increase the overseas production capacity of compatible MEMS and CMOS chip integrated process manufacturing, and improve the company’s global integration Competitive strength, the company’s wholly-owned subsidiary of Sweden Silex and ELMOS signed the "Equity Acquisition Agreement" (hereinafter referred to as "SPA"). Million Euros in work-in-progress payments). According to the signed PDK agreement, Germany FAB5 needs to pay another 20 million euros. This is the total amount that needs to be paid in installments due to the PDK license after the delivery of the production line. After the 20 million euros are paid in full, the German FAB5 will receive the PDK Ownership. According to the agreement of "SPA", Eloms has established a new special purpose company Dortmund Semiconductor GmbH (hereinafter referred to as "project company" or "SPV") in Germany to undertake the target production line assets of German Elmos for this transaction. SPV will become a wholly-owned subsidiary of Silex of Sweden.
Elmos was founded in 1984 and went public in 1999. It currently has 1,141 employees and is headquartered in Germany. It is a well-known automotive-grade semiconductor company. German Elmos develops, manufactures and sells various CMOS (Complementary Metal Oxide Semiconductor) chips and sensor chips. The company's product range covers automotive high-speed network communication interface chips, power supply regulator chips (which can provide efficient conversion of different voltages), optical infrared sensor chips (which can realize non-contact gesture sensing with large screens or mobile phones), and motor drive system micro-control Chips (which can realize the precise control of automobile motors and real-time detection of operating physical parameters), MEMS (Micro-Electro-Mechanical System, Micro-Electro-Mechanical System) chips, etc. Elmos also produces world-leading application-specific integrated circuits (ASICs) and semiconductor chips used in mixed-signal technology mainly in the automotive industry. The Elmos automotive chip manufacturing line to be acquired this time was completed in 2009 and has been in operation for 12 years, with good operating conditions.
According to reports, from the second half of 2022 to 2027, the German FAB5 will ensure that it continues to produce and supply the chip wafers required by Elmos. At the same time, Elmos also promises to entrust the German FAB5 to produce and supply a certain number of wafers to ensure that if it only has In the case of the Elmos order, the German FAB5 can still successfully complete the transition period.
After the completion of this transaction, the newly established SPV company (also referred to as the "German FAB5", the same below) will be included in the scope of the consolidated statements of Sweden's Silex and the company. The newly established SPV company does not provide guarantees or financial assistance to others. According to the agreement of "SPA", the profit and loss of the automobile chip manufacturing line from the date of signing of "SPA" to the date when the newly established SPV completes the delivery to Silex of Sweden belongs to SPV company. SPV (Germany FAB5) will continue to maintain a business cooperation relationship with the German Elmos, the counterparty of this transaction, and there are normal business transactions, but there is no disguised form of operating funds to provide financial assistance to the counterparty. SPV is a newly established company, and there is no judicial judgment or execution record.
Dr. Arne Schneider, CEO of Elmos Semiconductor SE in Germany, believes that the Elmos business is still in the growth stage, but from a long-term perspective, downstream customers' demand for 350nm automotive electronic chips may decline, and it will be replaced by newer products. In his view, the acquisition of Silex Microsystems AB of Sweden will provide a perfect sustainable solution for employees, customers and the development of the Dortmund region of the automotive chip manufacturing line.
Dr. Edvard Kälvesten, CEO, director and founder of Silex Microsystems AB in Sweden believes that the German Elmos automotive chip manufacturing line has high-efficiency, high-quality wafer processing technology and an experienced team, which will expand Swedish Silex's global customers and Increasing production capacity opens up new possibilities. The acquisition of the German Elmos automotive chip manufacturing line will become an important milestone in the development strategy of Silex in Sweden.
Through the acquisition of the related assets of the automotive chip manufacturing production line under Elmos this time, Sun Microelectronics will further expand the core business of sensor and chip process manufacturing to the automotive electronics field, while rapidly improving the manufacturing of compatible MEMS and CMOS chip integration processes The overseas production capacity is conducive to the company's active grasp of the global semiconductor characteristic process manufacturing industry, especially the development opportunities of the rapid growth in global automotive chip and MEMS chip manufacturing demand, so as to promote the further development of the company's business and improve the company's comprehensive competitiveness on a global scale , And finally implement the company's long-term development strategy after the transformation, that is, focus on the main business, and strive to become a well-known semiconductor technology enterprise group based on local and international development.
Through this acquisition, the company will further expand its core business of sensor and chip process manufacturing to the automotive electronics field.
According to Sai Microelectronics, in order to further expand the company’s core core business sensor and chip process manufacturing business scope to the automotive electronics field, quickly increase the overseas production capacity of compatible MEMS and CMOS chip integrated process manufacturing, and improve the company’s global integration Competitive strength, the company’s wholly-owned subsidiary of Sweden Silex and ELMOS signed the "Equity Acquisition Agreement" (hereinafter referred to as "SPA"). Million Euros in work-in-progress payments). According to the signed PDK agreement, Germany FAB5 needs to pay another 20 million euros. This is the total amount that needs to be paid in installments due to the PDK license after the delivery of the production line. After the 20 million euros are paid in full, the German FAB5 will receive the PDK Ownership. According to the agreement of "SPA", Eloms has established a new special purpose company Dortmund Semiconductor GmbH (hereinafter referred to as "project company" or "SPV") in Germany to undertake the target production line assets of German Elmos for this transaction. SPV will become a wholly-owned subsidiary of Silex of Sweden.
Elmos was founded in 1984 and went public in 1999. It currently has 1,141 employees and is headquartered in Germany. It is a well-known automotive-grade semiconductor company. German Elmos develops, manufactures and sells various CMOS (Complementary Metal Oxide Semiconductor) chips and sensor chips. The company's product range covers automotive high-speed network communication interface chips, power supply regulator chips (which can provide efficient conversion of different voltages), optical infrared sensor chips (which can realize non-contact gesture sensing with large screens or mobile phones), and motor drive system micro-control Chips (which can realize the precise control of automobile motors and real-time detection of operating physical parameters), MEMS (Micro-Electro-Mechanical System, Micro-Electro-Mechanical System) chips, etc. Elmos also produces world-leading application-specific integrated circuits (ASICs) and semiconductor chips used in mixed-signal technology mainly in the automotive industry. The Elmos automotive chip manufacturing line to be acquired this time was completed in 2009 and has been in operation for 12 years, with good operating conditions.
According to reports, from the second half of 2022 to 2027, the German FAB5 will ensure that it continues to produce and supply the chip wafers required by Elmos. At the same time, Elmos also promises to entrust the German FAB5 to produce and supply a certain number of wafers to ensure that if it only has In the case of the Elmos order, the German FAB5 can still successfully complete the transition period.
After the completion of this transaction, the newly established SPV company (also referred to as the "German FAB5", the same below) will be included in the scope of the consolidated statements of Sweden's Silex and the company. The newly established SPV company does not provide guarantees or financial assistance to others. According to the agreement of "SPA", the profit and loss of the automobile chip manufacturing line from the date of signing of "SPA" to the date when the newly established SPV completes the delivery to Silex of Sweden belongs to SPV company. SPV (Germany FAB5) will continue to maintain a business cooperation relationship with the German Elmos, the counterparty of this transaction, and there are normal business transactions, but there is no disguised form of operating funds to provide financial assistance to the counterparty. SPV is a newly established company, and there is no judicial judgment or execution record.
Dr. Arne Schneider, CEO of Elmos Semiconductor SE in Germany, believes that the Elmos business is still in the growth stage, but from a long-term perspective, downstream customers' demand for 350nm automotive electronic chips may decline, and it will be replaced by newer products. In his view, the acquisition of Silex Microsystems AB of Sweden will provide a perfect sustainable solution for employees, customers and the development of the Dortmund region of the automotive chip manufacturing line.
Dr. Edvard Kälvesten, CEO, director and founder of Silex Microsystems AB in Sweden believes that the German Elmos automotive chip manufacturing line has high-efficiency, high-quality wafer processing technology and an experienced team, which will expand Swedish Silex's global customers and Increasing production capacity opens up new possibilities. The acquisition of the German Elmos automotive chip manufacturing line will become an important milestone in the development strategy of Silex in Sweden.
Through the acquisition of the related assets of the automotive chip manufacturing production line under Elmos this time, Sun Microelectronics will further expand the core business of sensor and chip process manufacturing to the automotive electronics field, while rapidly improving the manufacturing of compatible MEMS and CMOS chip integration processes The overseas production capacity is conducive to the company's active grasp of the global semiconductor characteristic process manufacturing industry, especially the development opportunities of the rapid growth in global automotive chip and MEMS chip manufacturing demand, so as to promote the further development of the company's business and improve the company's comprehensive competitiveness on a global scale , And finally implement the company's long-term development strategy after the transformation, that is, focus on the main business, and strive to become a well-known semiconductor technology enterprise group based on local and international development.