Tongfu Microelectronics (002156.SZ) plans to indirectly acquire some of the shares of AAMI, the world's leading framework supplier, to strengthen the upstream relationship in the industrial chain

Zhitong Finance App News, Tongfu Microelectronics (002156.SZ) announced that the company plans to invest 200 million yuan to transfer the Chuzhou Guangtai Semiconductor Industry Development Fund (limited partnership) (“Chuzhou Guangtai”) owned by Shenzhen Leading Semiconductor Development Co., Ltd. (“Leading Semiconductor”) with an investment of 147 million yuan (accounting for 31.90% of Chuzhou Guangtai's partnership share) to indirectly hold shares in lead frame supplier Advanced Assembly Materials International Limited (abbreviation) “AAMI”).

According to reports, Chuzhou Guangtai is the upper shareholder of the target company AAMI. Chuzhou Guangtai is an enterprise set up specifically to invest in AAMI. Other than indirectly holding about 15.27% of AAMI's issued shares, it has no other business. The essence of the company's investment is to indirectly hold shares in lead frame supplier AAMI, which specializes in the design, R&D, production and sales of lead frames. A lead frame is an important semiconductor packaging material. It uses bonding materials to electrically connect the lead end of the chip's internal circuit to the outer lead wire to form an electrical circuit, and acts as a bridge for connecting to external wires, and is used in most semiconductor products.

AAMI has been deeply involved in the field of lead frames for more than 40 years. It has advanced production technology, excellent technical level and strong R&D capabilities. It has accumulated rich product layout, technical reserves and customer resources, and has a strong competitive advantage in high-end application markets such as high precision and high reliability. Its products are widely used in automotive, computing, industrial, communication and consumer semiconductors, and have been highly recognized by leading customers in various segments. It has established stable cooperative relationships with the world's top semiconductor IDM and packaging and testing foundries.

The investment aims to strengthen the relationship between the company and upstream enterprises in the industrial chain, further improve the stability and safety of the company's supply chain, and continue to strengthen the company's main business, in line with the company's development strategy. This investment will not have a significant impact on the company's financial situation and operating results in the short term, and will not constitute competition in the industry.