NuAxiSemiconductor trade intelligence
Tong Hsing buys Global Testing to become integrated OSAT provider
What happened
Tong Hsing Electronic Industries (THEIL), a semiconductor packaging company under the YAGEO Group, said its board has approved the acquisition of a 100% stake in Singapore-listed Global Testing Corporation for approximately SGD76.71 million (US$59.88 million). The deal will take Global Testing private and is intended to transform Tong Hsing from a traditional packaging manufacturer into a comprehensive packaging and testing service provider. The transaction is at the board-approval stage; the source does not state that the deal has been completed.
Impact and signal
Medium impactImpact score: 48/100
Affected components and suppliers
semiconductor packagingpackaging and testing services
Tong Hsing Electronic Industries (THEIL)Global Testing Corporation
M&Aboard approvalprivatizationOSATYAGEO GroupSGX-listed target
Source and time
Source: DigiTimes Asia · 11/9/2026 · View original source
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