IC Plus Corp

Performance Indicators

Because of a pandemic of a coronavirus of COVID-19 IC Plus suffered losses in the amount of 997 million Taiwan dollars for the first three quarters 2020 in comparison with net profit in 157 million Taiwan dollars for the same period of 2019. Perhaps, it also caused search of the buyer for company assets.

History

2020: Mediatek purchased IC Plus Corp

At the end of December, 2020 the developer of chips for the mobile devices MediaTek announced acquisition of the chipmaker of broadband access of IC Plus Corp for 1.51 billion Taiwan dollars ($52.94 million) through one of the subsidiary companies.

Airoha Technology, MediaTek subsidiary company, takes all 68.55 million shares IC Plus on 22 Taiwan dollars for an action. This digit provides to 15.8% an additional profit to the normal closing price of IC Plus (19 Taiwan dollars).

Mediatek purchased IC Plus Corp

IC Plus makes the chips used generally in Ethernet-transceivers and switches. MediaTek assumes that the transaction "will help the company to develop chips of broadband communication and the accompanying products and also will increase company competitiveness". However at first purchase should be approved by shareholders of IC Plus at an extraordinary meeting on February 23.

Meanwhile MediaTek continues to extend and is going to purchase 20% (or 12.4 million actions) Asix Electronics companies at the price of 40 Taiwan dollars for an action by private placement. Asix specializes in deliveries of chips for cards of the high-speed Internet. Even earlier, in November, 2020 MediaTek announced purchase from Intel of business on release of chips on management of power supply under the Enpirion brand. It is known that Enpirion Power Solutions develops complete solutions of PowerSoC - pulse converters of a power supply (DC/DC transformers) with a high integration scale.^[1]

Notes