Silicon Integrated System (SiS) has announced it will postpone the planned spin-off of three subsidiaries from the original schedule of September 1 this year to January 1 next year.

SiS will spin-off its investment management, digital TV, and mobile device businesses to form three wholly-owned subsidiaries, according to previous reports.

The company will not lay off any employees. The main company will retain around 500 staff, while the subsidiaries in charge of digital TV and mobile device businesses will have 120 and 40 employees, respectively.

By: DocMemory
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