PANJIT Board of Directors Approves Acquisition of 95% Equity in TOREX Vietnam Semiconductor Co., Ltd.
PANJIT International Inc. (hereinafter referred to as “PANJIT”) announced that its Board of Directors has approved the acquisition of a 95% equity stake in TOREX Vietnam Semiconductor Co., Ltd. (hereinafter referred to as “Torex Vietnam”), a subsidiary of Torex Semiconductor Ltd. (listed on the Tokyo Stock Exchange Prime Market, stock code: TSE:6616). This investment follows the signing of a Memorandum of Understanding (MOU) between PANJIT and Torex Semiconductor Ltd. in February this year (Link), continuing PANJIT’s commitment to their strategic partnership and demonstrating its firm dedication to strengthening its global semiconductor manufacturing footprint and advancing its IC business.
Amid rising geopolitical uncertainties and ongoing restructuring of the global supply chain, PANJIT continues to pursue international expansion with a steady and strategic approach. By diversifying its manufacturing footprint, PANJIT aims to provide customers with more flexible and resilient production options. The investment in Torex Vietnam reinforces PANJIT’s manufacturing base in Southeast Asia, enhances production agility and supply chain resilience, and further elevates its global competitiveness.
Established in 2008, Torex Vietnam is located in the Vietnam–Singapore Industrial Park II (VSIP II) in Binh Duong Province, near Ho Chi Minh City. The site offers convenient transportation, strong infrastructure, and ample expansion potential. The facility primarily engages in semiconductor packaging and testing, including IC packaging and testing operations. It has adopted the proprietary USP (Ultra Small Package) technology, a pioneering process known for achieving the world’s smallest package sizes. Moving forward, production capacity will be optimized according to PANJIT’s strategic roadmap, including the introduction of automotive-grade power discrete device production at the site, to maximize resource integration and technical synergy.
Since its establishment, Torex Vietnam has placed great emphasis on quality and environmental management, earning multiple international certifications, including ISO 9001:2015, ISO 14001:2015, Sony Green Partner (FC012058), and IATF 16949. Its manufacturing processes are fully operated under IATF 16949, ISO 9001, and ISO 14001 frameworks to ensure consistent product quality and sustainable environmental practices.
PANJIT has long been dedicated to the discrete semiconductor field, providing global customers with reliable manufacturing and quality assurance. In recent years, with the rapid growth of its IC product line, PANJIT has accelerated its vertical integration across design, packaging, and testing. By joining forces with its subsidiary MetaWells and Torex Vietnam, PANJIT will integrate the three parties’ technical expertise, manufacturing capabilities, and market resources to create strong synergies—enhancing product competitiveness, strengthening supply chain resilience, and delivering more comprehensive solutions to customers.
This investment also aligns closely with PANJIT’s product strategy for AI, automotive, power supply, and green energy applications. By strengthening its assembly and testing capabilities, PANJIT will significantly enhance its supply capacity for these key application markets.
Looking ahead, PANJIT will continue to uphold its philosophy of “Local Manufacturing, Global Service,” further deepening its global presence, optimizing its product portfolio, and driving sustainable development with a long-term vision. The investment in Torex Vietnam marks not only a significant milestone in PANJIT’s globalization journey but also injects new momentum into the growth of its IC business, propelling the company toward a higher-value stage of development.
About Torex
Torex is an analog CMOS specialist in power ICs, listed on the Prime Market of the Tokyo Stock Exchange under the code TSE:6616. With its expertise and flexibility as a dedicated manufacturer, the company quickly adapts to the growing demand for smaller, lighter electronic devices. Its "Ultra Small Package" technology combines ultra-small, ultra-thin dimensions with enhanced performance—features typically considered mutually exclusive—resulting in products that are nearly invisible. From familiar mobile devices like smartphones, digital cameras, and computers to in-vehicle systems such as car navigation, ETC devices, and power windows, as well as industrial equipment like robots, the performance of Torex products is renowned for excellence in every field.
About PANJIT
PANJIT International Inc. (TWSE : 2481) is a global IDM that offers a broad product portfolio, including ICs, IGBTs , MOSFETs, Schottky diodes, SiC devices, diode rectifiers, protection devices, bipolar junction transistors, bridges, and more. The company aims to meet the needs of customers in various applications such as automotive, power supply, industrial, computing, consumer, and communication. Our vision is to power the world with our robust quality and energy-efficient products, bringing people a greener and smarter future. Our core values include innovation, accountability, customer focus, learning & growth, mutual trust, and collaboration.
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