Huada Semiconductor (“HDSC”) Completes Acquisition of Canada’s Solantro Semiconductor

07-Sep-2018

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.”

About HDSC

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.

About Solantro

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 julian.kingsbury@hdsc.com.cn or Des Hickey, Vice President of Finance, Solantro Semiconductor Corp at dhickey@solantro.com


Contact Details

 Address:
146 Colonnade Rd, Suite 200,
Ottawa ON, K2E7Y1

  Email: info@solantro.com

  Google Maps: See our locations

  Telephone: (613) 274-0440

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