According to the official news of Yageo, Yageo has officially received a notice from the Anti-Monopoly Bureau of Mainland China today (29) and has officially approved the merger of Yageo and the United States Kemet (KEMET).

On November 12, 2019, Yageo announced that it would acquire US Kemet (KEMET) for US $ 1.64 billion. Chen Taiming, Chairman of Yageo said that Kemet (KEMET) will be an important growth driver for Yageo in the next 5-10 years. Chen Taiming pointed out that there are several reasons for the consideration of the acquisition of KEMET. First, the market share of KEMET's tantalum capacitors is the world's first, and the profit of tantalum capacitors is comparable to that of National Giant. .

Chen Taiming said that everyone wants to enter the automotive and industrial regulations, which is also the goal of the National Giants. In addition to its own organic growth, M & A is also the key. Therefore, the acquisition of Pusi last year, they mainly specialize in antennas. Chen Taiming emphasized that everyone regards passive components as a prosperous cycle industry, but after the acquisition of KEMET, it will be the key for Yageo to enter the high-end market.

It is reported that this transaction is expected to complete the acquisition in the third quarter of 2020 after the preparations of both parties have been improved.