Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
Peter Thiel to invest W37.5b in Hanmi Semiconductor
By Korea HeraldPublished : July 28, 2016 - 14:03
[THE INVESTOR] Peter Thiel, the early investor in Facebook and PayPal, has recently decided to invest 37.5 billion won (US$33 million) in Hanmi Semiconductor, a Korean semiconductor equipment manufacturer.
The plan comes after his first investment worth 37 billion won in the company back in 2013.
The plan comes after his first investment worth 37 billion won in the company back in 2013.
According to the Korean firm on July 27, it will sell 2.5 million treasury shares at 15,000 won per share on Sept. 23. Thiel-backed Crescendo Equity Partners and CEP Semicon Holdings will purchase 75 billion won and 300 billion won e convertible bonds, respectively.
Hanmi Semiconductor CEO Kwak Dong-shin hopes for business synergies between the company’s technological competitiveness and the American tech billionaire’s extensive global networks.
The firm was ranked as one of the top 10 semiconductor equipment companies by US research firm VLSO Research in June.
By Lee Ji-yoon (jylee@heraldcorp.com)
-
Articles by Korea Herald
