PANJIT International Inc. has announced the approval by its Board of Directors to acquire a 95% equity stake in TOREX Vietnam Semiconductor Co., Ltd., a key manufacturing subsidiary of Japan-based Torex Semiconductor Ltd. The move strengthens PANJIT’s international production network and reinforces its strategic roadmap for global expansion and IC business development.
This acquisition builds upon the Memorandum of Understanding signed earlier this year between PANJIT and Torex, and underscores PANJIT’s commitment to building resilient and geographically diversified manufacturing capabilities amid growing geopolitical complexities and shifting global supply chain dynamics.
Strengthening Presence in Southeast Asia
Located in the Vietnam–Singapore Industrial Park II near Ho Chi Minh City, Torex Vietnam has been operational since 2008 and specializes in semiconductor packaging and testing, with particular expertise in Ultra Small Package (USP) technology—renowned for enabling some of the world’s most compact package sizes. PANJIT plans to optimize the facility’s capacity to align with its long-term strategic objectives, including the ramp-up of automotive-grade power discrete device production.
The acquisition enhances PANJIT’s supply chain agility and scalability in Southeast Asia, a key region for electronics manufacturing growth, while supporting the company’s drive to meet customer needs with more flexible and responsive production options.
Integrated Capabilities and Certifications
Torex Vietnam has earned multiple international certifications, including ISO 9001:2015, ISO 14001:2015, IATF 16949, and recognition as a Sony Green Partner, reflecting a strong commitment to quality assurance and sustainable operations. Its production systems operate under globally recognized standards, ensuring product reliability across diverse applications.
With the addition of Torex Vietnam and existing capabilities from its subsidiary MetaWells, PANJIT will integrate design, packaging, and testing to further advance its vertical integration efforts. This synergy is expected to enhance product competitiveness, increase operational resilience, and deliver end-to-end solutions across key markets.
Supporting Strategic Markets: AI, Automotive, and Green Energy
This investment directly supports PANJIT’s product development strategy in high-growth sectors such as artificial intelligence, automotive electronics, power management, and renewable energy. Strengthening assembly and testing capabilities will enable PANJIT to scale production and improve responsiveness in these critical segments.
Looking ahead, PANJIT will continue to pursue its long-term vision of “Local Manufacturing, Global Service,” while deepening its global footprint, expanding its product portfolio, and driving sustainable growth. The acquisition of Torex Vietnam marks a significant milestone in PANJIT’s globalization journey and sets the stage for accelerated momentum in its IC business.
Original – PANJIT International