23 May '12, 5am

Eris Technology to list on OTC at the end of June: Eris Technology, a Taiwan-based ODM of rectifier diodes, will...

Eris Technology to list on OTC at the end of June Patty Wang, Taipei; Adam Hwang, DIGITIMES [Wednesday 23 May 2012] Eris Technology, a Taiwan-based ODM of rectifier diodes, will list on Taiwan's over-the-counter (OTC) stock market at the end of June at a possible initial price of NT$24.30 (US$0.82) per share. While US-based Diodes, Eris' largest shareholder with a 30% stake, supplies discrete semiconductor components for Apple, Samsung Electronics and other vendors, Eris is Diodes' largest supplier of rectifier diodes accounting for 40% of total demand, industry sources indicated. Eris had 52.80% of its revenues in 2011 from Diodes, the sources noted. Eris originally outsourced production, but began to establish its own production capacity in northern Taiwan in 2009, and is expanding capacity, the sources indicated. Eris still outsources some production but plans to increa...

Full article: http://www.digitimes.com/news/a20120522PD213.html

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