Transaction represents HDSC’s first acquisition in North America and bolsters company’s power management chip design capabilities
Shanghai, 8th September: HDSC, a Chinese leader in industrial semiconductor solutions, today announced the acquisition of Ottawa-based Solantro Semiconductor,
Canada’s innovative designer of integrated circuits that enable next generation power processing, energy management and power conversion applications.
Solantro has a highly experienced team of engineers developing advanced integrated circuits in standard silicon as well as next generation compound semiconductor
materials. HDSC will increase its investment in the business, benefitting from Ottawa’s reputation as Canada’s leading technology hub to expand its
engineering capabilities and grow its North American footprint.
HDSC’s CEO, Haoran Dong said, “The acquisition of Solantro represents a new chapter for HDSC, as our group continues to internationalize, and seeks to
work with the world’s best semiconductor engineering talents. HDSC looks forward to forging partnerships across the community, establishing and growing
its presence in Ottawa, as well as contributing to the city’s strong technology ecosystem, thereby generating economic & social benefits for Canadians
and shareholders alike.”
Solantro’s Chairman, Scott Marshall said, “I’m proud of what the team has achieved, working hard to get Solantro to this stage, creating innovative technology
and IP that enable customers to accelerate product development and drive complex power architectures from distributed energy sources. I am also grateful
to our investors and the numerous government organizations for their continued support. Our sale to Huada Semiconductor allows Solantro the resources
to further expand to the next stage of its development. Solantro’s future looks bright and I look forward to seeing its continued growth and innovation.”
Ms Jinmei Liu said, “As incoming Solantro Chairperson, I am excited about the potential of integrating Solantro’s advanced power management engineering
capabilities into HDSC’s existing portfolio of industrial power semiconductor assets. There are extensive market opportunities for Solantro’s technology
not only in China, but also globally across multiple verticals. The world-class engineering team, senior management and the directors should be commended
on their achievements thus far. We look forward to taking Solantro to the next level and Ottawa’s depth of engineering talent will help us to expand
R&D capabilities and supply new and innovative technology solutions to our customers and the wider market.”
Huada Semiconductor Corp was formed in 2014 from the restructuring of China Electronics Corp’s semiconductor businesses. The Company is China’s largest
industrial-focused semiconductor company with divisions serving customers in the fields of Industrial Control & Automation, Embedded Security,
the Internet of Things and Advanced Display solutions.
Founded and based in Ottawa, Canada, Solantro Semiconductor Corp (Solantro) is a fabless semiconductor company that designs integrated circuits that are
ideal building blocks for next generation power processing, energy management and power conversion applications. Solantro employs a talented and driven
team with unique expertise in the design, manufacturing and engineering of specialized circuit technology. Solantro chips are designed and built specifically
to measure, process and drive complex power architectures, allowing client-partners greater flexibility, adaptability, and the capacity to focus on
developing & deploying advanced grid applications.
For more information, please contact Julian Kingsbury, HDSC Investment Director at email@example.com or Des Hickey, Vice President of Finance,
Solantro Semiconductor Corp at firstname.lastname@example.org