has an advanced design studio, a PS4.5 million vehicle emissions testing facility and a virtual reality suite, working on new MG and Roewe products.
is currently consulting with its staff to find the most appropriate solution and further updates will be issued in due course."
Publicly traded since 1967, Semtech is listed on the Nasdaq Global Select Market under the symbol SMTC
. For more information, visit www.semtech.com.
expects the acquisition to be immediately accretive.
secured a new USD 45m asset based revolving line facility from PNC Bank, of which USD 22m was drawn at closing.
Additionally, TCW Direct Lending LLC provided SMTC
with a senior secured loan facility in the amount of USD 67m, of which USD 62m was drawn at closing, with USD 5m available on a delayed draw basis.
Sony Media Technology Centre (SMTC
) was initially launched in 2011 and was the third such establishment in the world but has since been bolstered with the establishment of a 4th SMTC
"Following an extensive supplier evaluation process, SMTC
's comprehensive skill base, silicon valley NPI presence, flexibility and willingness to help us succeed, impressed us and helped us choose SMTC
Competing teams will be mentored by top researchers from SMTC
based within NTU, as well as by lecturers from SP.
Under the agreement, SMTC
and EIMA will collaborate towards the establishment and operation of a maritime safety training centre that will underpin the socioeconomic programmes of the UAE and the region.
Paul Walker, former founder and CEO of SMTC
.com), is involved with the new company, as is Jerry Panos, the former CEO of MassTech and Neo Nano.
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