AT Semicon Secures Additional Shares in Leaders Technology Investment

[Asia Economy Reporter Hyungsoo Park] AT Semicon, a semiconductor back-end process specialist, has acquired convertible bonds from Leaders Technology Investment, a new technology business finance company. The strategy is to strengthen management control by additionally securing shares of Leaders Technology Investment and actively pursue business diversification.

On the 12th, AT Semicon announced that it had acquired convertible bonds (CB) of Leaders Technology Investment worth a total of 6.5 billion KRW. AT Semicon additionally secured 9.09% of Leaders Technology Investment shares, raising its shareholding ratio to 25.49%.

Leaders Technology Investment, established in 1986, is a startup accelerator. Based on extensive investment experience and investment fund management experience, it is investing in various venture companies in fields such as information and communication, bio, and entertainment.

A company official said, "We additionally secured shares of Leaders Technology Investment to strengthen governance and expand business areas," adding, "We will build an organic cooperative system with Leaders Technology Investment and actively work to secure future growth engines."

In May, AT Semicon signed a memorandum of understanding (MOU) for a business transfer contract of the package (PKG) business with A-Fact, a memory semiconductor back-end process specialist. The funds secured from the business sale will be invested in improving the financial structure and securing new growth engines such as electrolyte for batteries and secondary batteries.