KUALA LUMPUR: JF Technology Bhd
(JF Tech) is making a foray into the United States semiconductor market through its indirect subsidiary, ATS Technology Services Sdn Bhd (ATSSB), which has agreed to acquire a 13% stake in ATS Technology Services Inc. (ATSI) for US$1.3mil (about RM5.46mil).
The deal, formalised through a shareholders agreement signed on Sept 23, will see ATSSB subscribe to 130,000 new ordinary shares in ATSI. The investment is intended to set up a semiconductor automatic test equipment (ATE) test cell business in the US.
