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| Tide Group acquired Qimonda China R & D Center |
| Langchao Group on August 12 announced plans to pay 30 million yuan acquisition of German company Qimonda R & D center is located in Xi’an, China, which is the industry’s move to acquire domestic enterprises to use the financial crisis as bargain-hunting success stories, because the wave group took only 30 million get the value of the yuan to research and development center billion, and also the ability to obtain a complete R & D and design of semiconductor memory, as well as the world’s leading technical team.
■ wave of success with 30 million yuan to buy the dips
Qimonda is a 2006 spin-off from Germany’s largest semiconductor manufacturer Infineon Technologies AG out. Since the international financial crisis, Qimonda memory double blow of falling prices and the credit crunch, financial situation continued to deteriorate, in January this year, announced to the court for bankruptcy protection.
Wave of acquisitions Qimonda China invested 30 million yuan R & D center is definitely value for money, because the R & D center is Qimonda world’s second largest R & D center, equipment worth only amounted to 8,000 million, plus a variety of intangible assets that the total value of more than billion research and development center.
It is reported that the ongoing liquidation of Qimonda, so the wave of acquisitions paid 30 million yuan, including the acquisition of Qimonda capital and repayment of debt, the wave of an insider said, "If not for the economic crisis, the price will never be so low. "
■ IC design enterprises to transform R & D center
Qimonda independent Chinese research center had been responsible for the complete process of product design and development, product development for the global market Qimonda. Upon completion of the acquisition, Qimonda China R & D center will become a wholly foreign-owned enterprises controlled by Chinese IC design companies, the new company will be called Core Semiconductor Co., Ltd. in Xi’an, China.
Langchao Group, said the research center will work with the company’s existing R & D departments of several big wave group consisting of integrated circuit design center, the main hardware product support to enhance the competitiveness of the wave of servers, storage, etc., as well as coming into the IC manufacturing provide support.
Wave also revealed that more than 80 R & D centers of the original core developers promised to stay in the same organization to become the wave of the employees, including more than a dozen international experts.
■ wave will continue to seek acquisitions, joint ventures object
In May last year the tide Group and Shandong High-Tech Investment Co., Ltd., Jinan Hi-Tech Holding Group Co., Ltd. invested 100 million yuan each initiated the establishment of a core Semiconductor Co., Ltd. Shandong, China, opened a prelude to enter the semiconductor industry.
The acquisition wave of the Group to enter the semiconductor industry is significant, chairman and CEO of Sun Pishu wave of the Group, said integrated circuit design has restricted the ability is not strong and efficient development of China’s electronic information industry, and through learning and technology leader in international mergers and acquisitions is a good way, this is the wave of hardware and software to get through the whole industry chain.
Langchao Group revealed that the future will further invest 100 million yuan to strengthen wave integrated circuit design and development center, to enhance integrated circuit research and design capabilities. Meanwhile the tide will continue to expand in the domestic semiconductor industry through mergers and acquisitions, joint ventures and other means. | | |  |
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