Sancode Targets Odisha Semiconductor Ramp-Up With USD 20.2M OSAT Deal

Sancode’s US$20.2 million acquisition of Philippines-based Cirtek Electronics aims to secure semiconductor packaging and testing expertise, Tier I customers and technology transfer to accelerate its Odisha plant’s ramp-up. Sancode Semi Private Limited will acquire 100% of Philippines-based Cirtek Electronics Corporation for US$20.2 million, gaining semiconductor packaging and testing capabilities, proprietary technology and Tier I customers.