Business
Diodes Incorporated Receives Approval from Taiwan Regulatory Authorities for Lite-On Semiconductor Acquisition
PLANO, Texas--(BUSINESS WIRE)-- Diodes Incorporated (Nasdaq: DIOD) today announced the Company has received all required regulatory approvals from the Taiwan
About this update from Diodes Incorporated
[{"type":"text","content":" PLANO, Texas--(BUSINESS WIRE)--\nDiodes Incorporated (Nasdaq: DIOD) today announced the Company has received all required regulatory approvals from the Taiwan authorities for its proposed acquisition of Lite-On Semiconductor (TWSE: 5305) (“LSC”), which includes the Taiwan Fair Trade Commission (TFTC) approval and the Foreign Investment Approval (FIA) from the Investment Commission of the Ministry of Economic Affairs. In addition to the Taiwan regulatory approvals, Diodes continues to work closely with their advisors for the transaction, including Jones Day, to comply with all customary regulatory procedures in China. As stated previously, Diodes remains confident the transaction will close as planned once the final regulatory approvals have been secured.\n\n\nAbout Diodes Incorporated\n\n\nDiodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index company, delivers high-quality semiconductor products to the world’s leading companies in the consumer electronics, computing, communications, industrial, and automotive markets. We leverage our expanded product portfolio of discrete, analog, and mixed-signal products and leading-edge packaging technology to meet customers’ needs. Our broad range of application-specific solutions and solutions-focused sales, coupled with worldwide operations of 25 sites, including engineering, testing, manufacturing, and customer service, enables us to be a premier provider for high-volume, high-growth markets. For more information visit www.Diodes.com.\n\n\nForward-Looking Statement\n\n\nSafe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth herein that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such forward-looking statements include, but are not limited to, the following: the expected benefits of the acquisition, including the acquisition being immediately accretive; the efficiencies, cost savings, revenues, and enhanced product offerings, market position, and design and manufacturing capabilities of Diodes after the acquisition; and other statements identified by words such as “estimates,” “expects,” “projects,” “plans,” “will,” and similar expressions.\n\n\nPotenti...