PANJIT and Torex Sign MoU to Further Strategic Global Expansion
PANJIT and Torex Sign Memorandum of Understanding (MoU) to Further Strategic Global Expansion
On February 7, 2024, PANJIT’s Board of Directors is pleased to announce the signing of a Memorandum of Understanding (MoU) with Torex Semiconductor Ltd. (Torex) regarding the potential sale or transfer of all or part of Torex’s shares in its subsidiary, TOREX VIETNAM SEMICONDUCTOR CO., LTD. (TVS), to PANJIT.
Following a potential share transfer, PANJIT would hold a majority stake in TVS and acquire its production lines for the manufacture of PANJIT products. Torex would continue to outsource the production of its products to TVS, ensuring a stable supply.
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.