To capture the opportunities in the upcoming 5G and consumer electronics applications, EPISTAR signed the Strategic Cooperation Agreement with GCS Holdings Inc. (Hereinafter as GCS), EPISTAR and its 100% owned subsidiary ” Unikorn Semiconductor Corporation” (Hereinafter as Unikorn) will provide 6 inches foundry service to GCS, GCS and its subsidiary will support III-V semiconductor process technology and scheduled to acquire 16.4 million common shares of Unikorn before end of first quarter 2019 which is 16.4% of the 100 million issued shares of Unikorn.
Both companies will collaborate in several business areas and progress in stages going forward. GCS will increase the shareholding in Unikorn Semiconductor based on future business development needs.
It is expected that this partnership will combine the best of two companies and collectively offer competitive and needed capacity, technology and quality to the compound semiconductor industry to achieve the next level of scale and profitability.