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NPI buys out semiconductor test provider from Kobe Steel

Posted: 25 Apr 2003 ?? ?Print Version ?Bookmark and Share

Keywords:kobe steel? genesis technology? nikko principal investments? semiconductor testing?

Kobe Steel Ltd has agreed to transfer 65 percent of the outstanding shares of its wholly owned subsidiary Genesis Technology Inc. (GTI), to Nikko Principal Investments Japan Ltd's (NPI) special-purpose company GTI Holdings Inc. GTI provides semiconductor manufacturers with testing services.

Upon closing, GTI will be no longer consolidated with Kobe Steel and will aim to grow as an independent semiconductor testing house.

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