Inari, Taipei firm ter­mi­nate MoU

New Straits Times - - Business -

Inari Amertron Bhd had yes­ter­day an­nounced the fail­ure to form a joint-ven­ture en­tity (JVE) with Taipei-listed semi­con­duc­tor firm PCL Tech­nolo­gies Inc for pur­poses of pro­vid­ing out­sourced semi­con­duc­tor as­sem­bly and test (OSAT) ser­vices with par­tic­u­lar fo­cus on front-end OSAT ser­vices. “Inari and PCL have de­cided jointly and mu­tu­ally to ter­mi­nate the me­moran­dum of un­der­stand­ing and hence ne­go­ti­a­tions with re­spect to the for­ma­tion of the JVE have ceased,” said the group in a fil­ing.

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