Advantest Acquires Shin Puu

2023/01/31 Topics

TOKYO, Japan—January 31, 2023—Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) announced today that it entered into an agreement to acquire Taiwan-based Shin Puu Technology Co., Ltd. ("Shin Puu”).

Shin Puu, which has 264 employees and 16,913m2 total floor area of production space, is a supplier of printed circuit boards (PCBs) that manufactures and assembles PCBs, key components used in electronics, in Taiwan, a global hub of the electronics industry.

Advantest acquired US-based R&D Altanova, a leading supplier of consumable test interface boards, substrates and interconnects for high-end applications, in 2021. By combining R&D Altanova's high-performance, high-density PCB design technology with Shin Puu's manufacturing capabilities, the company will expand its manufacturing footprint for high-end test boards in the Asia region, enhancing Advantest's ability to provide turnkey solutions to our customers.

Advantest President and Group CEO Yoshiaki Yoshida commented, "The acquisition of Shin Puu is part of our medium- to long-term growth strategy to expand our test and measurement solutions across the continuously evolving semiconductor value chain. Shin Puu's engineering and manufacturing capabilities strongly complement R&D Altanova's high-end test board design technology, and we expect that this will accelerate the growth of our device interface business. In addition to expanding our manufacturing capabilities for high-end test boards, we believe this will enable us to strengthen our customer base in the Asian region, strengthen our recurring business, and help diversify and stabilize our revenue base."

Shin Puu, headquartered in Taiwan, will become a wholly owned subsidiary of Advantest's US subsidiary. The closing of the transaction is tied to regulatory approvals.

The financial advisor on this acquisition was Houlihan Lokey Advisors, LLC, and the legal advisor was Tsar & Tsai Law Firm.

About Advantest Corporation

Advantest (TSE: 6857) is the leading manufacturer of automatic test and measurement equipment used in the design and production of semiconductors for applications including 5G communications, the Internet of Things (IoT), autonomous vehicles, high performance computing (HPC) including artificial intelligence (AI) and machine learning, and more. Its leading-edge systems and products are integrated into the most advanced semiconductor production lines in the world. The company also conducts R&D to address emerging testing challenges and applications; develops advanced test-interface solutions for wafer sort and final test; produces scanning electron microscopes essential to photomask manufacturing; and offers system-level test solutions and other test-related accessories. Founded in Tokyo in 1954, Advantest is a global company with facilities around the world and an international commitment to sustainable practices and social responsibility. More information is available at

Note: All information supplied in this release is correct at the time of publication, but may be subject to change.