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USI Invests in Automotive and Intelligent Industry Development Fund
December 28, 2018 | USIEstimated reading time: 1 minute
Universal Global Electronics Co. Ltd, a subsidiary of USI, the electronics manufacturing services (EMS) arm of ASE Group, recently entered into an agreement with Phi GP Ltd to subscribe for the share of PHI Fund L.P. for not more than $25 million, and invest in installments in accordance with the required amount of investment targets.
The PHI Fund is a professional investment management team composed of experienced professionals in the automotive industry, high-tech industry and investment field. The fund will focus on exploring crossover, upgrade and transformation investment opportunities arising from the transformation of new travel modes, and discovering valuable investment targets by introducing new technologies of different fields to all links of the industry chain or introducing existing technologies into new markets. The investment fund will be mainly used for investing in the automotive and smart industries.
USI's investment in the PHI Fund is beneficial to the company for leveraging the experience of the fund management team to accelerate the layout and business development of the automotive electronics industry, establish a broader partnership with fund investors and fund investment companies while sharing fund investment gains, increase the company's engagement in the automotive electronics industry and ecosystem, and enhance industry influence.
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