Chinese IC packaging material firm snaps $136m from Avary Holding

Chinese IC packaging material firm snaps $136m from Avary Holding

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration

Leading Interconnect Semiconductor Technology, a Shenzhen-based integrated circuit (IC) packaging firm which specialises in the design and manufacture of advanced IC substrates, a key ingredient to connect the chip and circuit board, has notched $136 million from Shenzhen-listed printed circuit board maker Avary Holding, according to a filing on the Shenzhen Stock Exchange on Friday.