Acquisition Helps Develop the Up-stream Business of Integrated Circuit Design and Enhance the Provision Capabilities of Integrated IT Services
HONG KONG, Aug. 19 /PRNewswire-Asia-FirstCall/ -- Inspur Group, parent company of Inspur International Limited (SEHK: 596) today held a handover ceremony in Xian for the completion of the acquisition of Qimonda AG PRC Research Centre (the "Research Centre"); and with immediate effect, the Research Centre is renamed Xian Huaxin Semiconductor Company Limited. With a consideration of RMB30 million, Inspur Group acquired the Research Centre, its research equipment and other intangible assets that are worth over RMR100 million. The acquisition has enabled Inspur Group to possess a first-class international team for integrated circuit design and advanced research platform, to expand up-stream in the IT supply chain. By enhancing the core capacity on hardware (including chips, integrated circuit design, servers and mass storage), Inspur Group will be able to improve its capabilities in providing IT services on integrated hardware and software, as well as strengthen its leading position in the IT industry.
Mr. Sun Pishu, President of Inspur Group said, "We are delighted with the acquisition of the Research Centre. Qimonda AG is a worldwide renowned manufacturer of DRAM, the Research Centre in Xian is one of largest of its kind in the world, which is independently responsible for the design and research of computers, consumable DRAM products, and for supplying Qimonda AG globally. It is the only Research Centre in the PRC with advanced technology up to the global standard for the development of DRAM products."
Mr. Sun added, "In the past, the development of IT business in the PRC was hinged on the capability of the design and research of integrated circuit products and IT hardware like CPUs and DRAM, etc. Its competitiveness would only be improved when the design and research met the international standard. The Group plans to merge the Research Centre, our high-performance server, the national class laboratory on mass storage and the Inspur Integrated Circuit Design Centre, to become the ‘Inspur Group Integrated Circuit Design and Research Centre’, improving competitiveness of core hardware products like servers and DRAM, etc. We plan to further invest RMB100 million in the infrastructure of the Inspur Group Integrated Circuit Design and Research Centre, enhancing the integrated circuit design capacity. Looking forward, the development of integrated hardware and software leads to an all-rounded enhancement of integrated IT services of ERP, e-government, taxation and telecommunication businesses, strengthening our leading position in the industry."
