Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Mycronic Evaluates Listing Axxon
June 22, 2022 | MycronicEstimated reading time: 1 minute
The Board of Mycronic AB has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on the STAR market of the Shanghai stock exchange and floating a minority stake. If feasible, the listing could take place during 2024.
Axxon has developed very successfully since Mycronic’s acquisition in 2016. A net sales compound annual growth rate of 39 percent, with healthy profitability, has brought Axxon to a market leadership position in dispensing for the electronics industry. Axxon has largely operated independently as a Chinese company with its own IP, R&D and operations. By listing and floating a minority stake on the STAR market in Shanghai, Axxon would further strengthen its brand and market leadership position in China and the world.
The STAR market is a highly liquid stock exchange focused on high tech companies, where trading is mainly driven by investment funds.
“The reason for investigating a possible listing of Axxon on the STAR market of the Shanghai stock exchange is to create the best possible conditions for Axxon to realize its success and full potential, by being more independent and having the means for fast expansion”, says Anders Lindqvist, Mycronic’s President and CEO.
Share on:
Suggested Items
DELO Thrives Amid Global Economic Uncertainty
05/09/2025 | DELOGermany/Sudbury, MA, May 9, 2025 | DELO, one of the world’s leading manufacturers of high-tech adhesives as well as dispensing and curing equipment, has announced that it has achieved over €245 million ($265 million) in revenue during the 2024/2025 fiscal year (ending March 31, 2025).
AI Chips for the Data Center and Cloud Market Will Exceed US$400 Billion by 2030
05/09/2025 | IDTechExBy 2030, the new report "AI Chips for Data Centers and Cloud 2025-2035: Technologies, Market, Forecasts" from market intelligence firm IDTechEx forecasts that the deployment of AI data centers, commercialization of AI, and the increasing performance requirements from large AI models will perpetuate the already soaring market size of AI chips to over US$400 billion.
Imec Coordinates EU Chips Design Platform
05/09/2025 | ImecA consortium of 12 European partners, coordinated by imec, has been selected in the framework of the European Chips Act to develop the EU Chips Design Platform.
Creative Electron Strengthens Leadership Team with Strategic Appointments in Marketing and SMT Business Unit
05/08/2025 | Creative ElectronCreative Electron, the largest U.S. manufacturer of X-ray inspection systems for the electronics industry, is proud to announce the addition of two seasoned leaders to its executive team: Wagner Lima as Marketing Director and Giancarlo De La Garza as SMT Business Unit Director.
Kyocera Licenses Quadric’s Chimera GPNPU AI Processor IP
05/08/2025 | BUSINESS WIREQuadric announced that Kyocera Document Solutions Inc. (hereinafter: Kyocera) has licensed the Chimera™ general purpose neural processor (GPNPU) intellectual property (IP) core for use in next generation office automation system on-chip (SoC) designs.