ISC Decides on Small-Scale Merger with JMEMS

[Asia Economy Reporter Minji Lee] ISC announced on the 16th that it has decided to merge with its subsidiary Gimems to maximize corporate value and improve management efficiency. Upon completion of the merger, ISC will remain as the surviving company, and the merged company, Gimems, will be dissolved.

The company stated, "ISC holds 100% of Gimems' shares, so the merger will proceed as a no-capital-increase merger without issuing new shares," adding, "There will be no impact on management rights, and there will be no change in ISC's largest shareholder after the merger is completed." Gimems manufactures semiconductor and IT components.