Trio-Tech signs Joint Venture Agreement to Provide Burn-In and Systems Level Testing
December 06 2021 - 9:30AM
Business Wire
Trio-Tech International (NYSE MKT: TRT) today announced
that it has signed a Joint Venture agreement with a Chinese company
located in Suzhou, China; with expertise in System Level Testing
(SLT). The new joint venture company will provide testing and
burn-in services for a variety of semiconductor components with
applications in computing and automotive electronics. Trio-Tech and
the other party to the joint venture agreement are currently in the
process of establishing the new joint venture company.
S.W. Yong, Trio-Tech's CEO, said “This new joint venture will
operate a facility, only a few miles from our operations in Suzhou,
China, with a team that has advanced expertise in burn-in testing
and SLT for advanced semiconductor products and assemblies. The
technical expertise and influence of the Chinese company, coupled
with our experience in the burn-in industry, will create a
significant competitive advantage in providing SLT and burn-in
testing services for integrated semiconductor assemblies in the
rapidly growing electric vehicle industry. We expect this joint
venture to enhance the future growth of Trio-Tech.”
“SLT adds the ability to test the performance of semiconductor
components, or multiple components, as they perform when packaged
together. It differs from structural and functional testing of
semiconductor components by including a performance evaluation of
the components when tested together as integrated systems and
installations,” added Mr. Yong.
Mr. Yong also noted that Trio-Tech will hold a majority equity
ownership position in the new joint venture company and said the
joint venture company expects also to provide testing and equipment
maintenance services for its customers.
About Trio‑Tech
Established in 1958, Trio-Tech International is located in Van
Nuys, California, with its Principal Executive Office and regional
headquarter in Singapore. Trio-Tech International is a diversified
business group with interests in semiconductor testing services,
manufacturing and distribution of semiconductor testing equipment,
and real estate. Our subsidiary locations include Tianjin, Suzhou,
Chongqing in China, as well as Kuala Lumpur Malaysia and Bangkok
Thailand. Further information about Trio-Tech's semiconductor
products and services can be obtained from the Company's Web site
at www.triotech.com and www.universalfareast.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20211206005298/en/
Company Contact: A. Charles Wilson Chairman (818)
787-7000
Investor Contact: Berkman Associates (310) 927-3108
robert.jacobs@jacobscon.com
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