Come see us in hall 4, booth 335
“Driving Manufacturing forward”
SMTconnect stands out as a unique exhibition on the topic of electronics manufacturing in Europe: The event connects people and technologies from the fields of development, manufacturing, service and application of microelectronic assemblies and systems in an inspiring working atmosphere.
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We will be there – hall A2 booth 362
“Productronica showcases the entire spectrum of technologies and solutions for the entire electronics manufacturing industry, reflecting the rapid pace of technological development in all areas of the industry.”
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Transaction Expands Advantek’s Manufacturing Footprint to Support ASEAN Region
EDEN PRAIRIE, Minn. and PENANG, Malaysia, JANUARY 16, 2023 – Advantek, LLC (“Advantek”), a leading provider of highly engineered carrier tape and precision component packaging, today announced the acquisition of LKTT Plastic Technology Sdn. Bhd. (“LKTT”), a provider of complementary precision packaging based in Malaysia. Financial terms of the transaction were not disclosed.
Advantek is headquartered in Eden Prairie, Minnesota, and has manufacturing facilities around the world. For more than 40 years, Advantek’s highly engineered specialty packaging tape has enabled the world’s foremost providers of high-value semiconductor and other electronic components to safely transport and present products for assembly, including computers, mobile phones, LED lighting, medical components, smart appliances, automobiles, and other consumer products.
Advantek is committed to providing customers with a comprehensive suite of precision packaging materials across a global manufacturing footprint that provides clients with optimal efficiency and flexibility. During 2022, Advantek partnered with Cornell Capital, a U.S.-based private investment firm, to accelerate these initiatives.
LKTT has more than a decade of experience in carrier tape manufacturing with a focus on complex designs for connectors, shields, and other highly sensitive form factors. LKTT has strong customer relationships across the ASEAN region and will expand Advantek’s capabilities to support customers in Malaysia, Thailand, and Vietnam.
“Customer service, including local manufacturing capabilities, is a key component of Advantek’s long-term value-add proposition. Establishing a manufacturing footprint in Malaysia is an important step as we continue executing our strategic plans,” said Wim Goossens, Chief Executive Officer and President of Advantek. “I’m certain that by acquiring LKTT, we’ve expanded our team to include a group who shares our values of innovation and continuous improvement, while always prioritizing customers.”
“The acquisition of LKTT is an important milestone as Advantek looks to continue to expand its market-leading position by offering the highest quality product suite across the most comprehensive global footprint in the industry,” said Allen Chu, Partner at Cornell Capital.
About Advantek
Advantek is a leading provider of precision component delivery systems with facilities in North America, Asia and Europe. Advantek’s solutions play an important role in the assembly process of products such as computers, mobile phones, LED lighting, medical components, smart appliances and automobiles. For more information, visit www.advantek.com.
About LKTT
LKTT Plastic Technology is a manufacturer of embossed carrier tape used for transporting components in the capacitor, LED, metal shield, and semiconductors industries. LKTT serves as a one-stop-shop provider of carrier tape requirements like plastic reel, cover tape, and tape and reel operations. Based in Penang, Malaysia, LKTT was formed in 2010, following a spin out from LKT Plastic Technology. LKTT’s mission is to be the preferred carrier tape supplier in southeast Asia.
About Cornell Capital
Cornell Capital LLC is a U.S.-based private equity firm with ~$6 billion of AUM and offices in New York and Hong Kong. Leveraging decades of global investment experience, the firm focuses on North American middle market buyouts across the consumer, financial services, and industrials/business services sectors, often in companies that can benefit from global expansion through the firm’s Asia presence and cross-border expertise. Founded in 2013 by Senior Partner Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division, the firm is led by a highly seasoned team with significant shared investment experience. Since inception, Cornell has built a team dna partnership that are among the most diverse in the private equity industry. For more information, visit www.cornellcapllc.com.
Contacts:
Advantek
Jason Skrtic
Vice President Global Marketing and Product Management
+1 715-833-1677
jason.skrtic@advantek.com
Cornell Capital
Jon Keehner / Kate Thompson / Woomi Yun
Joele Frank, Wilkinson Brimmer Katcher
+1 212-355-4449
___________________________________________
For more information, visit www.advantek.com
“Global semiconductor sales ticked down again in October, with sales decreasing on a year-to-year basis by the largest percentage since December 2019,” said John Neuffer, SIA president and CEO. “Sales into the Americas market stood out as a bright spot in October, increasing by double-digits compared to the same month last year.”
Regionally, year-to-year sales increased in the Americas (11.4%), Europe (9.3%), and Japan (3.9%), but decreased in Asia Pacific/All Other (-10.1%) and China (-16.2%). Month-to-month sales increased in the Americas (2.2%) and Europe (0.2%), but fell in Japan (-0.1%), China (-1.5%), and Asia Pacific/All Other (-1.6%).
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Come see us at Booth 336 in hall B3 | Trade Fair Center Messe München.
Read more about the show here
Advantek will exhibit at electronica 2022, November 15–18, 2022.
Booth 336 in hall B3 | Trade Fair Center Messe München.
Read more here
OAKLAND, Calif./NEW YORK Oct 11 (Reuters) – The U.S. is scrambling to tackle unintended consequences of its new export curbs on China’s chip industry that could inadvertently harm the semiconductor supply chain, people familiar with the matter said.
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With the persistent global shortage of semiconductor chips, Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have partnered to make a solution. Their goal is to develop “next generation automotive electronics” to “accelerate the growth of electric and connected vehicles.”
Read more here.
India is in talks with global chipmakers Intel Corp., GlobalFoundries Inc. and Taiwan Semiconductor Manufacturing Co. about setting up local operations, part of efforts to center more high-tech manufacturing in the country.
Read more about it here
Advantek will exhibit at SMTconnect in Nürnberg, Germany on May 10-12, 2022.
If you’ve received a show voucher from Advantek, register here:
Visit us at booth 345 in Hall 4 to learn more about our advanced line of carrier tape, cover tape, reels, and more.
“SMTconnect is the only trade fair for electronic production in Europe that brings people and technologies from the areas of development, production, services, and the applications of microelectronic assemblies and systems together in an inspiring work atmosphere.” To read more about SMTconnect, visit here.
Taiwan’s United Microelectronics Corp. plans to build a new advanced manufacturing facility in Singapore which will be a huge help with growing demand. “The first phase of this greenfield fab will have a monthly capacity of 30,000 wafers with production expected to commence in late 2024.”
Advantek will exhibit at SMTconnect in Nürnberg, Germany on May 10-12, 2022.
“SMTconnect is the only trade fair for electronic production in Europe that brings people and technologies from the areas of development, production, services, and the applications of microelectronic assemblies and systems together in an inspiring work atmosphere.”
Visit us at booth 345 in Hall 4 to learn more about our advanced line of carrier tape, cover tape, reels, and more.
As demand continues to grow, semiconductor companies are working hard to find a solution for the global chip shortage. According to CNBC, “The world’s largest contract chipmaker, TSMC, has committed to investing $100 billion over three years to ramp up production of its cutting-edge silicon wafers, which are used to make a variety of chips.” Who else is investing billions? Read about it here.
Join Advantek and other semiconductor leaders from December 28-30 at SEMICON Taiwan 2021 at the Taipei Nangang Exhibition Center.
“Featuring more than 550 exhibitors in over 2,000 booths and chip industry leaders, SEMICON Taiwan 2021 – themed Forward as One – will showcase cutting-edge advances and solutions in critical semiconductor industry areas including heterogeneous integration, green manufacturing, smart and advanced manufacturing, advanced testing, strategic materials, and MEMS and sensors.”
Be sure to stop by our booth #M0552 on the 4th floor, we would love to see you!
Advantek will be exhibiting at productronica 2021 in Munich, Germany on November 16th-19th.
Visit us in Hall A2 Booth 362
to discuss our full line of carrier tape solutions; including high precision tapes for chip scale packages and bare die, wide and deep tapes for electro-mechanical components, Surftape®, cover tape, reels, and more.
Advantek will be exhibiting at productronica 2021 in Munich, Germany on 16-19 November, 2021.
Visit us in Hall A2 Booth 362 to discuss our full line of carrier tape solutions; including high precision tapes for chip scale packages and bare die, wide and deep tapes for electro-mechanical components, Surftape®, cover tape, reels, and more.
PCBs, semiconductors, sensors, connectors or displays: Productronica is the best place to find out first which components, systems and applications are made possible by the latest developments. Hundreds of exhibitors from across the world come together to showcase a complete range of technologies, products and solutions in the entire electronics industry. Join renowned experts and exhibitors as they discuss the latest topics and challenges facing electronics and its applications.
Learn more about productronica 2021.