News
Torex Semiconductor to sell Vietnam back-end subsidiary to focus on IC design and front-end production
Wednesday, January 7, 2026 at 02:40 AM
Torex Semiconductor has announced the sale of its back-end assembly and testing subsidiary in Vietnam to a Taiwanese integrated device manufacturer. This move is part of a strategic shift to consolidate management resources toward IC design and front-end wafer fabrication processes.
Context
Torex Semiconductor has finalized an agreement to sell a 95% stake in its back-end subsidiary, TOREX VIETNAM SEMICONDUCTOR (TVS), to Taiwan-based IDM PANJIT INTERNATIONAL for approximately $10.03 million. The transaction, formalized in December 2025 following an earlier memorandum of understanding, marks a decisive pivot for Torex to exit labor-intensive packaging and testing. The company intends to reallocate these management resources toward high-value IC design and front-end wafer fabrication, which remains anchored by its subsidiary Phenitec Semiconductor.
For PANJIT, the acquisition secures a strategic Southeast Asian manufacturing hub to scale its automotive-grade power discrete devices and AI-related power components. The facility, located in Vietnam’s Binh Duong province, is slated to begin mass production for new automotive lines by Q3 2026. This restructuring allows Torex to transition toward a leaner business model, prioritizing R&D in analog power management ICs while maintaining a technical partnership with PANJIT to ensure a stable back-end supply chain.
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