Report: India, China show interest in Korean analog foundry

August 25, 2014 // By Peter Clarke
Hindustan Semiconductor Manufacturing Co. (HSMC) and Semiconductor Manufacturing International Corp. (SMIC) are two of five groups that have expressed interest in acquiring analog and mixed-signal foundry Dongbu HiTek Co. Ltd. from troubled South Korean Dongbu Group, according to a Korea Herald report.

HSMC and SMIC are Indian and Chinese respectively, while the other three interested parties are private equity groups Hahn & Company, Askveritas and Bain Capital.

Dongbu announced plans to sell nearly $3 billion in assets – including Dongbu HiTek – in November 2013 (see Analog foundry put up for sale ).

Dongbu's sale of its remaining 37 percent stake in the analog and mixed-signal foundry is expected to fetch up to 200 billion won (about $200 million), the report said. The potential buy are scheduled to visit the wafer fab on Monday August 25.

Dongbu and its main creditor, Korea Development Bank, agreed to select the preferred bidder in September 2014, according to a Bloomberg report.

Related links and articles:

www.dongbuhitek.co.kr

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