Silicon Integrated Systems (SiS) announced today it has spun-off its fab operation business into a 100 percent owned subsidiary.

SiS will acquire 800 million shares of common stocks in the spin-off company, tentatively named SiS Microelectronics Corp. with capital of $234 million (8 billion Taiwanese dollars).

According to SiS' chairman, John Hsuan, the move will allow the Taiwanese company to focus on IC design related technology development while SiS Microelectronics targets manufacturing to expand its production items after this division.

A tentative spin-off date of December 15 has been set, awaiting board approval.

By: Docmemory
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