TAIPEI, Taiwan － MediaTek yesterday announced its subsidiary company Mstar Semiconductor’s acquisition of another investment firm, Alpha Imaging Technology Corp. (AIT). The purchase price per share was NT$37, and the total acquisition amount was approximately NT$2.06 billion.
AIT is a fabless IC design company which specializes in Image signal processing(ISP) technology and multimedia processors(MMP) for portable devices and consumer markets. Its product portfolio includes TV/Web camera processors for smart TVs and high definition video communications like skype video conferencing, Multimedia processors for digital video recorders, car DV and personal media players, and high-end ISP for smart phones.
MediaTek pointed out that MStar Semiconductors investigated the needs for a long-term development strategy, increasing product lines and expanding the scale of operations, and increasing their competitiveness in the global market, and they consequently decided to merge with AIT.
After the merger is completed, AIT will become a subsidiary company of MStar Semiconductors. Currently AIT has a workforce of approximately 100 employees; whereas MStar Semiconductors has between two and three thousand employees.
This merger will be carried out in two phases. The open acquisition period will be from April 10 to May 8, and as soon as the open stakes exceed 51% a shareholders meeting will be convened to discuss a 100% merger.
(TR/Phil Sweeney)
