JTA NEWS
22 November 2017 - 4 Kislev 5778 - ד' כסלו ה' אלפים תשע"ח
JTA NEWS :
Camtek sells its PCB business to Shanghai investment group E-mail

Israeli semi-conductor company Camtek Ltd recently signed a definitive agreement with an affiliate of Principle Capital, a Shanghai-based private-equity fund, to sell its printed circuit board (PCB) business for US$35 million.

Camtek CEO Rafi Amit said: “This agreement is in line with our long-term strategy. Camtek will become a pureplay semiconductor inspection and metrology-focused company, where we see many growth opportunities ahead. Our stronger balance sheet will also make it easier for us to explore synergetic acquisitions in our sector. Camtek as a semiconductor company will potentially present higher growth rates with improved gross margins.”

He added: “This agreement will enable Principle Capital to build a leading Asia based PCB inspection and metrology company, capitalising on our well-positioned PCB unit.”

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