KUALA LUMPUR, JF Technology Bhd (JF Tech), through its 75%-owned indirect subsidiary ATS Technology Services Sdn Bhd (ATSSB), has signed a shareholders’ agreement to acquire a 13% stake in California-based ATS Technology Services Inc (ATSI) for US$1.3 million (RM5.46 million).
In a filing with Bursa Malaysia, JF Tech said the investment is aimed at setting up a semiconductor automatic test equipment (ATE) test cell business in the United States.
“The proposed investment will create strong synergies for JF Tech, especially in its test engineering solutions segment. Alongside our recent acquisition of Q3 Probe Pte Ltd, which specialises in front-end wafer testing, the new test cell venture will strengthen our semiconductor value chain and extend our footprint in the US market,” the group said.
Upon completion, ATSI will be owned 87% by Paul Anthony Emmett and Susan Emmett, with the remaining 13% held by ATSSB. Under the arrangement, ATSSB will manage procurement and logistics for semiconductor test parts and components, while ATSI will work directly with US clients, offering product adoption, support and troubleshooting.
JF Tech added that the investment will be financed through internally generated funds and inter-company borrowings from its wholly-owned subsidiary, JF International Sdn Bhd.
The group noted that the exercise will not affect its share capital or major shareholders’ equity and is not expected to have a material impact on its net assets per share or earnings per share for the financial year ending June 30, 2026.
