Taiwan Mask (TPE:2338) unit Everbright signed an exclusive letter of intent to acquire a 100% stake in a semiconductor equipment outsourcing service provider in Kumamoto, Japan, for up to 1 billion yen, according to a Wednesday Taiwan Exchange filing.
The proposed acquisition is aimed at expanding the group's global semiconductor presence and strengthening localized customer support.
Everbright will conduct due diligence before finalizing the transaction, with the purchase price and terms subject to adjustment based on the review.