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Article: Pericom Semiconductor Alters Investment in Major Taiwanese Frequency Control Products Supplier.
- Article from:
- PR Newswire
- Article date:
- August 29, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAN JOSE, Calif., Aug. 29 /PRNewswire-FirstCall/ -- Pericom Semiconductor Corporation a worldwide preferred supplier of high-performance integrated circuits and frequency control products, today announced that by mutual agreement it has canceled and voided its approximately $12.5 million investment in AKER Technology Co., Ltd., of Taiwan that was previously announced on July 19, 2005. The agreement to void the initial transaction was reached due to significant differences on how to set the future direction of AKER. Instead, under terms of a new agreement, AKER will sell Pericom its 99.9% interest in its Taiwanese eCERA frequency control products subsidiary for 475 ...