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Trio-Tech signs Joint Venture Agreement to Provide Burn-In and Systems Level Testing
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Trio-Tech International (AMEX: TRT) has entered into a Joint Venture agreement with a Chinese company in Suzhou, China, to provide testing and burn-in services for semiconductor components in computing and automotive electronics. This facility will leverage both companies' expertise, particularly in System Level Testing (SLT), enhancing competitive advantage in the electric vehicle sector. Trio-Tech will maintain majority ownership of the joint venture, which aims to facilitate performance testing of integrated semiconductor assemblies. This collaboration is expected to drive future growth for the company.
Positive
Establishment of a Joint Venture with a Chinese company for testing services.
Majority equity ownership in the new venture, ensuring control.
Focus on the rapidly growing electric vehicle industry, anticipating increased demand.
Negative
None.
VAN NUYS, Calif.--(BUSINESS WIRE)--
Trio-Tech International (NYSE MKT: TRT) today announced that it has signed a Joint Venture agreement with a Chinese company located in Suzhou, China; with expertise in System Level Testing (SLT). The new joint venture company will provide testing and burn-in services for a variety of semiconductor components with applications in computing and automotive electronics. Trio-Tech and the other party to the joint venture agreement are currently in the process of establishing the new joint venture company.
S.W. Yong, Trio-Tech's CEO, said “This new joint venture will operate a facility, only a few miles from our operations in Suzhou, China, with a team that has advanced expertise in burn-in testing and SLT for advanced semiconductor products and assemblies. The technical expertise and influence of the Chinese company, coupled with our experience in the burn-in industry, will create a significant competitive advantage in providing SLT and burn-in testing services for integrated semiconductor assemblies in the rapidly growing electric vehicle industry. We expect this joint venture to enhance the future growth of Trio-Tech.”
“SLT adds the ability to test the performance of semiconductor components, or multiple components, as they perform when packaged together. It differs from structural and functional testing of semiconductor components by including a performance evaluation of the components when tested together as integrated systems and installations,” added Mr. Yong.
Mr. Yong also noted that Trio-Tech will hold a majority equity ownership position in the new joint venture company and said the joint venture company expects also to provide testing and equipment maintenance services for its customers.
About Trio‑Tech
Established in 1958, Trio-Tech International is located in Van Nuys, California, with its Principal Executive Office and regional headquarter in Singapore. Trio-Tech International is a diversified business group with interests in semiconductor testing services, manufacturing and distribution of semiconductor testing equipment, and real estate. Our subsidiary locations include Tianjin, Suzhou, Chongqing in China, as well as Kuala Lumpur Malaysia and Bangkok Thailand. Further information about Trio-Tech's semiconductor products and services can be obtained from the Company's Web site at www.triotech.com and www.universalfareast.com.
