Diodes Inc. announces investment in Eris Technology

PLANO, USA: Diodes Inc. has announced an agreement to invest in Eris Technology Corp., a publicly traded company listed as an Emerging Stock on the Taiwan OTC Exchange (TWO) that provides design, manufacturing and after-market services for diode products.

Eris has announced that it will offer to its shareholders and employees up to 10 million shares of common stock at NT$39 per share to raise NT$390 million (approximately US $14 million). Diodes has agreed to purchase any shares not purchased by Eris’ shareholders and employees and Eris’ founders have agreed to sell Diodes any shares necessary to ensure that Diodes will obtain a minimum of 8 million shares, which represents an approximately 24 percent ownership in Eris after the capital increase.

Dr. Keh-Shew Lu, president and CEO of Diodes, stated: “Eris is currently a supplier of assembly/test services to Diodes and we are pleased to be able to expand that relationship. This investment will allow Eris to expand their capacity in specific packages as a complement to Diodes’ internal capability.”