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Taiwan's Yageo Corp to acquire American rival company for US$1.64 billion; boost 5G capacity

Taiwan based Yageo Corporation is a leading passive electronics manufacturer, it announced that it will acquire American company Kemet Corporation for a whopping US$1.64 billion.

Yageo has agreed to buy Kemet on shares for US$27.2 each from the open market under the deal on both companies.

Yageo produces components such as chip resistors, inductors and multi-layer ceramic capacitors (MLCC) while Kemet makes a broad range of capacitors, including ceramic capacitors, film capacitors and tantalum capacitors.

Kemet was established in 1919 and headquartered in Fort Lauderdale, Florida, USA with a workforce of 14,000 worldwide. Kemet has 23 production sites in 22 countries.

"Kemet has capabilities and a proven track record of integrating cross-border acquisitions. We have been following their success with great admiration and look forward to creating a new legacy for the combined company," Yageo Chairman and CEO Pierre Chen said.

Yageo is the third-largest MLCC supplier in the world, boasting an approximately 13 percent share in the global market.


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