Taiwan-based passive components manufacturer Yageo Corporation announced on September 11 that it plans to acquire up to 28.5% of power IC designer Anpec Electronics via a public tender offer set to commence shortly. The bid values Anpec shares at NT$229.8 (approx. US$7.6) each, a 20% premium over the current price, with the total investment estimated at around NT$4.8 billion.
Yageo's board approved the move as a financial investment aimed at stable returns and to establish potential collaboration with Anpec's management. The tender offer is subject to regulatory filings with Taiwan's Financial Supervisory Commission and is expected to run between September 12 and October 1, 2025. Success depends on acquiring a minimum of 3.73 million shares, about 5% of Anpec's outstanding shares.
Yageo's investment focuses on Anpec, a company specializing in mixed-signal power ICs and sensors used in applications such as notebooks, DDR memory, TVs, displays, consumer electronics, graphics cards, and automotive electronics. Anpec's industrial control segment has also shown steady growth recently.
Yageo offers 20% premium on Anpec's shares, close to historical highs
Yageo highlighted that the offer price closely approaches Anpec's historical peak of NT$230.8 per share and surpasses the highest price over the past year by 9%. Compared with the one-month average price of NT$183.1, the bid represents a 25.5% increase. This premium pricing underlines Yageo's intent and confidence in the investment's value.
Despite seasonal reductions in working days during summer holidays in Europe and the US, Yageo's August 2025 consolidated revenue slightly improved versus July, driven largely by niche market demand in China. The company noted a gradual normalization of global customer inventories, which supports a steady recovery in overall market demand.
Yageo reported consolidated revenue of NT$10.759 billion in August 2025, marking a 1.05% increase month-over-month and a 4.28% rise year-over-year. In US dollars, monthly revenue was flat compared to July but increased by 11.27% compared with August 2024. The cumulative revenue for the first eight months of 2025 reached NT$85.281 billion, a 4.97% year-over-year increase; dollar-denominated growth was 7.31% for the same period.
Article edited by Jack Wu
