TAOYUAN, TAIWAN – HannStar Board is acquiring a 24% stake Career Technology, with the intention of developing 5G-related products, according to reports.

In addition, Career Technology will acquire a 6.5% stake in HannStar Board. Under the agreement, HannStar Board will acquire a 16% share in Career Technology at NT$28 per share via a private placement, and then swap shares with Career Technology.

The private placement is expected to be completed next month, and the share swap is subject to regulatory approval.

HannStar Board produces rigid PCBs for PCs, Internet communications, set-top boxes, TVs, servers and gaming devices. Career Technology supplies flex PCBs for Apple. The fabricators are ranked 8th and 37th, respectively, in the forthcoming NTI-100 list of the largest PCB manufacturers.

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