Acer said it plans to sell off all of its 34.4% holding in memory module subsidiary Apacer Technology, with Powerchip Semiconductor Corporation (PSC), A-Data Technology, and Apacer's current management team set to take up the released shares, according to industry sources.

PSC is expected to take a thin slice of the Acer holdings, which will nevertheless make it the biggest shareholder of Apacer with an almost 25% stake, the sources said.

Apacer's management team will increase its stake to 20% to become the second largest shareholder, followed by A-Data, who will have 5-10%, the sources said.

PSC and A-Data declined to comment, but Apacer said its management team is taking over most of the shares released by the parent company in order to demonstrate its confidence in Apacer.

Acer has been reducing its stake in Apacer for some time. Last year, it recruited PSC's investment in Apacer in an attempt to strengthen integration of the upstream and downstream industries.

By: DocMemory
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