Unimicron Takes Majority Stake in Neoconix | Print |  E-mail
Written by Mike Buetow   
Thursday, 30 January 2014 02:00

SAN JOSE Neoconix has entered into an investment and supply agreement with Unimicron Technology whereby the PCB giant will become Neoconix's majority shareholder. The deal between the electrical connector manufacturer and its longtime partner, one of the world’s largest PCB manufacturers, strengthens Neoconix's operations by providing dedicated production and engineering capacity within Unimicron’s global footprint.

"We are extremely excited to strengthen our association with longtime partner Unimicron, a multi-billion dollar enterprise and one of the world’s largest PCB manufacturers," said Dr. Dinesh Kalakkad, president and COO of Neoconix. “Neoconix gains substantial operating leverage with dedicated resources within Unimicron’s global manufacturing operations as well as access to capital to drive further investment in technology development, marketing and sales."

“Unimicron has long been a partner to Neoconix as we have understood and appreciated the inherent value of PCBeam technology,” said Dr. Steve Chiang, president of PCB and FPC business, Unimicron. “We have now doubled-down on our belief that Neoconix connector solutions are a transformative technology that will enable new classes of products that cannot be realized with current competitor solutions.  We look forward to continued development and further growth in manufacturing of Neoconix low profile connectors.”

Last Updated on Thursday, 30 January 2014 02:05
 

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