Shenzhen, China, October 13, 2023 /PRNewswire/ — On October 1, Shenzhen Longsys Electronics Co., Ltd. (301308.SZ) (hereinafter referred to as “Longsys”) acquired a 70% stake in Powertech Technology (Suzhou) Limited. The transaction has been officially finalized and will now be included in the consolidated accounts of Longsys.
Powertech Technology (Suzhou) Limited has been renamed Longforce (Suzhou) Limited (hereinafter referred to as “Longforce”) and will be directly controlled by Longsys Electronics (Suzhou) Co., Ltd., a new wholly-owned subsidiary of Longsys. .
Powertech Technology Inc. (PTI) and its affiliates remain committed to providing unwavering support, in accordance with the signed service agreement, to ensure the continuity of Longforce operations.
Longforce, formerly known as Spansion, became a wholly-owned subsidiary of PTI in 2009. Its main services cover chip packaging, testing and SMT, and its main products include flash memory chips, microchips memory and logic chips.
With the successful completion of this transaction, Longforce is now ready to operate on a standalone basis and is committed to serving its existing customer base in the packaging and testing space. Notably, Longforce is embarking on a journey of increased investment in R&D and packaging and testing processes, active introduction of cutting-edge packaging testing equipment and top industry talents, and d Continuous improvement of packaging and testing capabilities to establish a high-end packaging testing center. Longforce is dedicated to providing high-level services to customers in various industries, such as artificial intelligence, high-performance computing, intelligent vehicles, smartphones and wearable devices.
Furthermore, this acquisition constitutes a crucial step by Longsys to strengthen its manufacturing footprint. It plans substantial improvements in its storage chip packaging and testing capabilities, optimized capacity utilization, refinement of its industrial chain configuration and enhanced commercial collaboration with storage wafer foundries. This multifaceted approach extends to improving product quality, ensuring rapid response to customer needs, adapting product specifications to meet market demands, and maintaining capacity stable production. Collectively, these initiatives will significantly strengthen the company’s market presence, core competitiveness and ultimately increase its long-term profitability, fully aligning with the company’s overall brand strategy. semiconductor storage.
It is worth highlighting that the company has always emphasized the importance of a global presence for its storage business. The active implementation of dual national-international circulation has been at the heart of its operations. Since Lexar’s cross-border acquisition in 2017 and its global operational success, the company has continually explored ways to enhance its international operational capabilities, create a flexible supply chain, develop a robust trading system, and much more . Leveraging its proximity to local customers, proprietary technologies, comprehensive storage product offerings and local manufacturing advantages, its commitment to providing premium services to its valued global customer base remains unwavering.
This year, the company has made groundbreaking achievements with self-developed main control chips. Combined with its advanced packaging and testing capabilities, these advancements will fully strengthen its core storage products, effectively improve product quality, performance and safety across all product lines, and further consolidate its basic competitiveness in the storage sector.
View original content to download multimedia:^ https://www.prnewswire.com/apac/news-releases/strengthening-the-industry-chain-layout-longsys-successfully-acquires-a-70-equity-stake-in-longforce-301956166.html
SOURCE Longsys Electronics